Salary accounts are usually savings accounts opened for company employees. Employers create these accounts to streamline the disbursing of salaries to their employees. Such accounts also come with features and benefits, adding to the convenience of the employees. HDFC salary accounts offer a convenient banking option tailored to corporate employees’ varied needs. 

HDFC Salary Account Benefits

Now that you know how to open a salary account in HDFC Bank, it is essential to know that individuals who have salary accounts with HDFC Bank are offered several benefits, which include the following:

Zero Balance Account

• HDFC Banks offers salary accounts that can be maintained even when no balance is left. 
• This zero-balance feature makes the accounts an excellent banking option for employees who want to manage their finances better without worrying about fines and penalties.

Debit Card

• HDFC Bank offers debit cards to salary account holders for free. You can use these cards for various purposes related to the maintenance of your account. 
• These include checking the account’s balance, withdrawing cash from ATMs, making online and offline transactions, etc.

ATM Withdrawals

• HDFC Bank also offers withdrawal from HDFC ATMs without any additional charges. 
• Thus, if you have debit cards, you can opt for cash withdrawals from the ATMs operated by the bank. It is the simplest way to acquire cash from your salary account.

Net Banking

• Employees or individuals who have salary accounts with HDFC are also allowed to access net banking features. 
• These enable them to transfer money whenever they want and monitor their transaction history.

Mobile Banking

• HDFC Bank also offers employees the option of mobile banking to access their salary accounts from their mobile phones. 
• To do this, you must download the personalised mobile application HDFC Bank to your device and log in to your account with the necessary credentials. 

Loans

• HDFC Bank offers easy access to various loans for individuals with salary accounts. 
• Thus, depending on your preferences, you can apply for different loan products like home and personal loans.

Credit Card

• Employees with salary accounts with HDFC Bank can also opt for credit cards. 
• You can access credits from your payroll accounts and enjoy several perks like reward points, discounts, cashback, etc.

Insurance

• HDFC Bank also offers a wide range of insurance solutions for corporate employees at affordable prices. 
• These include life insurance, health insurance, travel insurance, etc. It makes it easier for you to secure your financial stability.

HDFC Salary Account Eligibility

To be eligible for having a salary account at HDFC Bank, you need to satisfy the following criteria:

• You must be employed at a company that has a tie-up with HDFC Bank.
• You must have all the documents required to open your salary account at HDFC based on the type of salary account you opt for.

HDFC Salary Account Opening Charges

HDFC Bank salary accounts are opened free of cost. There is no account opening fee for employees opening salary accounts through employer tie-ups

HDFC Salary Account Opening Online with Zero Balance

The following table showcases the details related to a zero balance salary account in HDFC Bank:

HDFC Salary Account Opening Documents Required

All employers must submit specific documents to HDFC Bank to create employee salary accounts. Now that you know how to open a salary account in HDFC Bank,  all employees must submit the following documents to their employer:

• A duly filled application form to open a salary account.
• Identity proof
• Address proof
• Aadhaar card
• PAN card
• Voter ID card
• Driving licence
• Passport
• Public Sector Units (PSUs) and/or NREGA Job Card
• An ID card which the Central or State Government must issue
• Appointment letter from the company (as proof of employment with the company)

Please note that there can be additional requirements for documents from HDFC Bank based on your application and company policies. Also, it is essential to note that ID cards issued by the company can not be regarded as proof of ID when opening a salary account. Whatever ID proof you submit should be issued by the Central or State government.

HDFC Salary Account Opening Minimum Balance

HDFC salary accounts usually do not require a minimum balance to be maintained. Thus, they can be opened and maintained even with a zero balance. Also, no penalties or fines are charged for not keeping the account with a certain amount.

If you still have questions about the minimum balance of your salary account, you can always contact your employer or the bank itself.

HDFC Salary Account Maintenance Charges

There are a few maintenance charges for an HDFC online salary account opening, which are provided in the following table:

HDFC Salary Account Interest Rate

The interest rate applicable for HDFC salary account opening are mentioned in the table below:

How To Open an HDFC Salary Account Online?

The salary accounts at HDFC are opened by the employers who have tie-ups with the bank. To understand how to open an HDFC salary account, read the step-by-step guide given below:

• Visit the official website of HDFC Bank.
• Navigate to the section called “Account” and click on it.
• Now select the option called “Salary Account”.
• You will be redirected to another page where you need to provide a few details. Fill in your DOB, mobile number, PAN card details, permanent address, employee details, etc.
• Go to the KYC details, provide the mobile number linked to your Aadhaar card, and submit the application.

The bank will process your application, and once the verification process is complete, you will receive the credentials to access your salary account.

How To Open an HDFC Salary Account Offline?

The process of HDFC online salary account opening offline involves the following steps:

• Visit the nearest branch of HDFC Bank.
• Navigate to the necessary authority at the bank and ask for an application form to open a salary account.
• Fill in the required details.
• Submit the duly filled application form along with the necessary set of documents.

Once the bank verifies the application, the salary account will be activated, and the account holder will receive the credentials to access the account, along with a chequebook, ATM card and other booklets.

The Bottom Line

Overall, HDFC Bank offers a seamless process for opening a salary account, featuring several benefits for account holders. With competitive interest rates and a wide range of facilities, HDFC salary account opening adds to the convenience of managing finances in the modern world. Therefore, learn and inquire about the necessary details for an informed approach.

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