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HDFC Salary Account – Types of Account, Benefits, Charges, Open & Apply Online

HDFC Salary Account

HDFC Bank offers a wide range of salary accounts, designed to suit different needs. HDFC Bank offer special salary accounts for varied sectors like corporate/institutions, Central Government, State Government, etc. If you come from a salaried section then you will definitely know about HDFC Salary Account. Interested Customers can check details about HDFC Salary Account such as Types of Account, Benefits, HDFC Salary Account Charges, Open & Apply Online process from below section of this page.

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HDFC Salary Account

What Do You Mean By Salary Account?

Salary Accounts are a convenient way of paying the monthly salaries from the employer to the employee. It not only makes it easy for the employer, but also gives ‘Salary Account’ benefits to the employee.

By definition, a Salary Account is a type of Savings Account, in which the employer of the account holder deposits a fixed amount of money as ‘salary’ every month.

Who can open a Salary Account?

A business (employer) has to tie-up with a bank to open Salary Accounts for its employees. Every month the amount payable as salaries are transferred in bulk into all respective accounts. If you do not have an account with the bank your employer has a tie-up with, then the employer can assist in opening an account there. Therefore, a Salary Account cannot be opened by just any individual; it has to be a tie-in between a business and a bank.

HDFC Bank offers several types of Salary Accounts suited for different sectors and needs. Some of them are:

  • Premium Salary Account: For select corporates as priority service. Offers insurance and preferential pricing on various loans
  • Regular Salary Account: Debit card hero! Higher spending limits, cash back and discounts
  • Defense Salary Account: Especially made for defense personnel. Makes banking easy anytime anywhere.
  • Classic Salary Account: Comes with better security features
  • Basic Savings Bank Deposit Account – Salary: Provides all basic convenience
  • Salary Family Account: Easy access to ATMs of all banks
  • Reimbursement Account: Easy management of funds. Makes it easy to distinguish between salary and reimbursement credits.

Press Here For: HDFC Salary Account Details

Types of HDFC Salary Accounts

Insta Account:

Instant account opening is easy with HDFC Bank. All you need is a working mobile number, Aadhaar number and a PAN number to open an account.

HDFC Salary Account Eligibility:  Here are the HDFC Bank InstaAccount eligibility criteria you need to meet:

  • Resident individuals without an existing HDFC Bank Savings or Salary account
  • Only those who are 18 years and above

Transferring Money:  Transfer money to your account instantly:

  • Transfer money and/or have your salary credited to this account as soon as you open it.

Withdrawing Money: Withdrawing money easily from ATMs – Make Cardless Cash withdrawals using your mobile phone:

  • Your HDFC Bank InstaAccount lets you withdraw cash from an HDFC Bank ATM without a Debit Card.
  • Simply press the cardless option on the ATM and follow the instructions

NetBanking and MobileBanking: NetBanking and MobileBanking are automatically enabled for your account:

  • Your instant online Savings Account or Salary Account is NetBanking and MobileBanking enabled, so it’s easy to check your balances immediately once you have set your password

Get More Details About: Insta Account

Reimbursement Account

There are separate ‘reimbursement accounts’, where some other components (travel allowance, etc.) of the gross salary are credited every month. Reimbursement accounts are always with the same bank that has Salary Accounts for the employer. This account makes management of funds easy.

To open a Reimbursement account, you will have to submit the following:

  • Salary Account details
  • Debit Card details

Eligibility: Criteria for Employee Reimbursement Account is:

  • You must hold a Salary Account with HDFC Bank.

Balance:

  • Enjoy a Zero balance account

Debit Card:

  • Salary Account Debit Card is linked with Reimbursement Account
  • Choice of reimbursement and salary account available during ATM cash withdrawal
  • Separate debit card issued on request

Get More Details About: Reimbursement Account

Premium Salary Account

Free Platinum debit card with up to 1% Cash Back* on shopping. Access to domestic airport lounges. Free Personal Accidental Death cover of upto ₹ 20 lakhs* and Free International Air Accidental Death cover of upto ₹ 1.25 crores*.

Eligibility:

  • Salary Credit >=50,000
  • You must be employed with a corporate that has a salary account relationship with HDFC Bank.

Balance:

  • Enjoy a Zero balance account
  • Gift your family a zero balance salary family account with benefits similar to your Salary Account.

Get More Details About: Premium With Platinum Debit Card

Premium With Millennia Debit Card

Free Zero Balance Account for your family with similar benefits. Free Millennia debit card with cashback of upto Rs. 4,800 every year*. Free Personal Accidental Death cover of upto ₹ 15 lakhs* and Free International Air Accidental Death cover of upto ₹ 1.25 crores*.

Eligibility:

  • Salary Credit >=25,000
  • You must be employed with a corporate that has a salary account relationship with HDFC Bank.

Balance:

  • Enjoy a Zero balance account
  • Gift your family a zero balance salary family account with benefits similar to your Salary Account.

Debit card:

  • Free Millennia Debit Card with Higher Debit Card Limits
  • Daily Domestic ATM withdrawal limits: Rs. 50,000
  • Daily Domestic Shopping limits: Rs. 3.5 lacs

Get More Details About: Premium With Millennia Debit Card

Regular Salary Account

Free Times points debit card with domestic shopping limit of ₹ 3.5 lakhs and ATM cash withdrawal limit of ₹ 1 lakh. Minimum discount of 10% and more on online lifestyle, entertainment, dining and grocery*

Eligibility:

  • Salary Credit >=15,000
  • You must be employed with a corporate that has a salary account relationship with HDFC Bank.

Balance:

  • Enjoy a Zero balance account

Debit card:

  • Free Times Points Debit Card with Higher Debit Card Limits
  • Daily Domestic ATM withdrawal limits: Rs. 1 lac
  • Daily Domestic Shopping limits: Rs. 3.5 lacs

Get More Details About: Regular Salary Account

Defence Salary Account

Free Zero Balance Account for your family with similar benefits. Free Millennia debit card with cashback of upto Rs. 4,800 every year* for Officers. Free Permanent Disablement cover and Partial Disablement cover of upto Rs.30 Lakhs.

Eligibility:

  • To be eligible for an HDFC Bank Defence Salary Account, You must be employed with a Defence unit.

Balance:

  • Enjoy a Lifetime free Zero balance account
  • Gift your family a zero balance salary family account with benefits similar to your Salary Account.

Debit Card:

  • Titanium Debit card for Person below Officer (PBOR) grade – Enjoy higher domestic shopping limit of ₹ 1.75 lakhs and ATM cash withdrawal of ₹ 50,000.
  • Free Millennia Debit Card with Higher Debit Card Limits for Officer grade & above
    • Daily Domestic ATM withdrawal limits: Rs. 50,000
    • Daily Domestic Shopping limits: Rs. 3.5 lacs

Get More Details About: Defence Salary Account

Government Salary Account

Free Zero Balance Account for your family with similar benefits. Free Millennia debit card with cashback of upto Rs. 4,800 every year*. Free Personal Accidental Death cover of upto ₹ 15 lakhs* and Free International Air Accidental Death cover of upto ₹ 1.25 crores*.

Eligibility:

  • You must be employed with a Government Entity that has a salary account relationship with HDFC Bank

Balance

  • Enjoy an exclusive Lifetime Free Zero balance account
  • Gift your family a zero balance salary family account with benefits similar to your Salary Account.

Convenience:

  • Unlimited Free access to HDFC Bank ATMs* and Other bank ATMs
  • Unlimited Free Demand Drafts*

Debit Card: Free Millennia Debit Card with Higher Debit Card Limits

  • Daily Domestic ATM withdrawal limits: Rs. 50,000
  • Daily Domestic Shopping limits: Rs. 3.5 lacs

Get More Details About: Government Salary Account

Family Salary Account

Free Times points debit card with domestic shopping limit of ₹ 3.5 lakhs and ATM cash withdrawal limit of ₹ 1 lakh. Minimum discount of 10% and more on online lifestyle, entertainment, dining and grocery*. Free Accidental Death cover of ₹ 11 lakhs* and Free International Air Accidental Death cover of ₹ 1 crore*.

Eligibility:

  • Zero balance facility of Salary Family account is extended to employees of corporates which is approved for Salary Family account and till the salary account holder is holding zero balance salary account and working for the corporate.

Balance:

  • Zero balance Salary Family account for family members of salary account holders*

Debit Card: Free Times Points Debit Card with Higher Debit Card Limits

  • Daily Domestic ATM withdrawal limits: Rs. 1 lac
  • Daily Domestic Shopping limits: Rs. 3.5 lacs

Get More Details About: Family Salary Account

Classic Salary Account

Free Times Points Debit Card with domestic shopping limit of ₹ 1 lakh and ATM cash withdrawal limit of ₹ 3,50,000. classic salary accountFree Personal Accident Death cover Upto Rs.10 lakhs* on the debit card. and International Air coverage of Rs. 1 crore* on the debit card.

Eligibility:

  • You must be employed with a corporate that has a salary account relationship with HDFC Bank

Balance:

  • Enjoy a Zero balance account

Debit Card: Free Times Points Debit Card with Higher Debit Card Limits

  • Daily Domestic ATM withdrawal limits: Rs. 1 lac
  • Daily Domestic Shopping limits: Rs. 3.5 lacs

Get More Details About: Classic Salary Account

HDFC Bank Salary Account Benefits Offered To Their Customers

A Salary Account offers more benefits (compared to savings account) as it is more profitable to the bank due to its nature of receiving a fixed amount of money every month. This makes it a fixed source of CASA, which augurs well for the bank’s business. The benefits that a Salary Account holder receives may vary from bank-to-bank.

Within a single bank too, there may be different types of Salary Accounts offering various benefits. However, there are certain common benefits that come with a Salary Account – zero minimum balance, free cheque book / passbook / e-statements, Debit Cards, NetBanking, Phone Banking, online fund transfer, Demat Account/services, loan conveniences, HDFC Salary Account Credit Card offers, utility bill payments, etc.

  • Interest of 3.5-4% per annum on your savings in the Salary Account
  • Banking anywhere made easy with a wide network of ATMs and branches across the country
  • Preferential product pricing offers on loans, Credit Cards and other such products
  • Assistance of a personal Relationship Manager for all your banking requirements
  • Ease in open similar zero-balance accounts for family members with same benefits and privileges
  • Easy management of your Salary Account through user-friendly mobile and NetBanking
  • Free insurance covers in case of accidental deaths, air travel mishaps and debit card frauds
  • CashBack offers on Debit Cards spending
  • Discounts on shopping and free access to airport lounges
  • Freebies with your Salary Account:A Salary Account with HDFC Bank also ensures you get the following free of cost –
  • 25-leaves cheque book every six months
  • Passbook
  • E-Statements
  • Demand Drafts (DD) payable at all HDFC Bank branches across India
  • InstaAlert facility (Email and SMS notifications of every transaction)
  • Cheque Collection – Local Clearing Zone
  • Balance Enquiry at Branch
  • TDS Certificate
  • BillPay

Difference between Salary Account and Savings account

A Salary Account is a type of Savings Account, but there are a few differences between two:

Salary AccountSavings Account
Can be opened only by an employerCan be opened by any eligible individual
Zero-balance accountMinimum balance needs to be maintained on monthly/quarterly basis
More benefits to the account holderBenefits offered usually have a fee attached
Main purpose: monthly credit of salaryMain purpose: encouraging savings
No interest paidHDFC Salary Account Interest Rate between 3-6% paid

How to Open a HDFC Bank Salary Account?

Salary Accounts can only be opened when an employer ties up with a bank. With this tie-up, the employer can transfer the monthly salaries in bulk in respective Salary Accounts of the employees. Employers make the choice of the type of Salary Account, depending on which employees are offered benefits & facilities linked to their Salary Accounts.

HDFC Salary Account Opening

Opening a Salary Account with a bank is a necessity in a new job. On joining a company, the employee needs to furnish his/her details to the same bank to have his/her Salary Account opened with the associated bank.

The employer can facilitate in opening the Salary Account. Some banks also give the facility to apply for a Salary Account online and get the ‘customer’s welcome kit’ – account number, cheque book and debit card within a few days!

Press Here For: Open & Apply Online Link for HDFC Salary A/C

Documents Required For Opening HDFC Salary Account

The documents required to open a Salary Account / HDFC Salary Account Opening Documents are:

  • A correctly filled application form to open the account
  • Proof of identity & address like:
  • PAN Card
  • Aadhaar Card
  • Voter ID Card
  • Driving License
  • Passport
  • An ID card issued by the Central or State Government
  • Public Sector Units (PSUs) and/or NREGA Job Card
  • Latest passport size photographs
  • Appointment Letter (as proof of employment with the company)

Top Benefits of HDFC Salary Account

Being a Salary Account holder with a particular bank may be a compulsion once you join a company as an employee, but no one can deny the HDFC Salary Account Benefits it comes with! Banks offer several types of facilities and privileges to Salary Account holders as such accounts are a fixed source of CASA income for them.

Common Benefits

Salary Account advantages may vary from one bank to another. However, there are some common benefits offered by all banks –

  • Zero balance account: All Salary Accounts give you the facility to have a functional account without having to maintain HDFC Salary Account minimum balance in it.
  • Debit Card: Salary Accounts issue debit cards that may come with several benefits.
  • Cheque Book, Passbook & e-statements: All are offered by banks at no cost at all.
  • Access to internet banking: In the modern world, having access to your money through internet has become a basic necessity and every Salary Account comes with this facility
  • Phone Banking: This facility is offered by all banks
  • SMS Alerts: Notifications of all transactions in your Salary Account through SMS; eg. Salary credited, etc.
  • Cash withdrawal: You get free ATM cash withdrawals options, but the number may vary depending on the bank and the type of Salary Account your employer has chosen
  • Access to ATMS of other banks: You can withdraw cash from ATMS belonging to other banks for a limited number of times in a month.
  • Online fund transfer: Internet banking facilitates online fund transfers to and from the Salary Account.
  • Payment of Utility Bills: You can easily pay your utility bills via the Salary Account
  • Loan offers: As a Salary Account holder, you can avail of various loan offers that your bank provides. It is called ‘preferential pricing offers’ on loans.

Specific benefits

There are several other benefits that come attached to Salary Accounts, depending from bank-to-bank and the type of Salary Account chosen by your employer. Some of them are:

  • Debit Cards: The shopping limit and other advantages associated with holding a debit may vary depending on the type of Salary Account chosen by your employer.
  • Credit Cards: Banks offer credit cards with added benefits for Salary Account holders.
  • Demat Account: Salary Account holders may also get the offer to open a free Demat account to trade in the stock market or invest in mutual funds and other products.
  • Insurance: Depending on the type of Salary Account, you may be offered covers for – accidental death, air travel, checked baggage, fire & burglary and even insurance against fraudulent transactions done through debit card
  • Account for Family: Free zero-balance account offers, with similar benefits for family members of the Salary Account holder
  • Fuel Surcharge: Save on fuel surcharge through debit cards
  • Cash Back offers and Discounts
  • Personal Relationship manager is assigned for any assistance
  • Reimbursement account
  • Free access to airport lounges, etc.

​​​​​​​With HDFC Bank Insta Account open a Savings Account instantly in a few simple steps. It comes pre-enabled with HDFC Bank Net Banking & Mobile Banking and you can enjoy Cardless Cash withdrawals.

Get Here: Benefits of Salary Account

Note:

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