Top Salary Accounts in India

What is a Salary Account? 

A salary account is a bank savings account in which your employer transfers your salary every month. Salary accounts are mostly opened in bulk by various companies and organizations. Due to this, these companies partner with banks and the employer chooses a date on which the bank collects the particular amount from the company and credits it accordingly to the workers. 

Updated On - 08 Sep 2025

Apart from this, there are a few banks which enable you to open a salary account on your own. In this case, you need to submit proof of employment by your employer. If you are a working individual and have a regular source of income, you are aware about the importance of the salary account. People who are new to the working sector should have complete knowledge about the salary account. In this article, we will discuss about the top salary accounts in India and their features and benefits. 

Top Salary Account in India
Check Free Credit Score

Features and Benefits of the Top Salary Accounts 

If your company allows you to open a salary account by yourself other than the bank they partnered with, you can opt for any of the following salary accounts as per your requirements: 

RBL Bank Salary Account 

The following are the features and benefits of RBL Bank Salary Account: 

  1. Rate of interest: Up to 7.00% 
  2. Unlimited cash withdrawals per month for free on all RBL ATMs (Automated Teller Machines) and ten free cash withdrawals at other bank ATMs. 
  3. Regular SMS and email alerts on every transaction. 
  1. Bank offers various debit card options such as Platinum Debit Card/ Visa Classic/ Platinum Master/ Master Titanium Debit Card. 
  2. Complimentary chequebook
  3. Locker facility

Kotak Platina Salary Account 

Given below are the features and benefits of Kotak Platina Salary Account: 

  1. Rate of interest: 4.00% 
  2. Free personal accidental death coverage of up to Rs.25 lakh 
  3. NEFT, IMPS, and RTGS facilities free of charges. 
  4. Unlimited transactions at all VISA ATMs across the country on Platinum debit card. 
  5. 25% off on locker rent. 
  6. Sweep out/ Auto Sweep-in facilities

IDFC First Corporate Salary Account 

The features and benefits of IDFC First Corporate Salary Account are given below: 

  1. Rate of interest: Up to 7.00%. 
  2. No debit card re-issuance fee and annual debit card charges. 
  3. Free inward as well as outward NEFT/ RTGS/ IMPS
  4. Bank provides two debit card options namely, Visa Platinum Debit Card and Visa Signature Debit Card. 
  5. Complimentary personal accident insurance coverage of up to Rs.35 lakh 
  6. Complimentary air accident insurance coverage of up to Rs.1 crore. 
  7. Unlimited free ATM transactions at domestic bank ATMs in order to meet the minimum credit transaction criteria. 

Axis Bank Salary Account 

There are various types of salary accounts provided by Axis Bank based on their features and benefits provided by each. These features and benefits also vary based on the type of debit card, shopping and withdrawal limit, and more. 

Types of Salary Accounts 

  1. Easy Access Salary Account 
  2. Liberty Salary Account 
  3. Prestige Salary Account 
  4. Priority Salary Account 
  5. Axis Republic Salary Account 
  6. Defence Salary Account 
  7. Employee Reimbursement Account 
  8. Prime Salary Account 

The following are the features and benefits of Axis Bank Salary Account: 

  1. Rate of interest: Up to 3.50% 
  2. This salary account is ideal for those who earn a minimum monthly salary of Rs.25,000 and maximum of Rs.1 lakh. 
  3. The first five free transactions at Axis Bank ATMs and the first three transactions at non -Axis Bank ATMs for free in metro and non-metro cities. 
  4. Daily cash withdrawal limit of Rs.40,000 at ATMs and Rs.2 lakh for shopping. 
  5. Personal accident cover of Rs.5 lakh. 
  6. It comes with a daily shopping limit of Rs.5 lakh with Visa Rewards Plus debit card. 
  7. People who earn monthly salary of Rs.1 lakh can opt for this salary account. 
Check Free Credit Score

ICICI Bank Salary Account 

ICICI Bank comes with a zero-balance salary account with zero additional fee on debit cards and easy disbursal pf salary via online or NEFT. Other than this, you will also get services such as phone banking, PPF account, fund transfer, etc. 

Types of Salary Accounts 

  1. Gold Salary Account 
  2. Silver Salary Account 
  3. Defence Salary Account 
  4. Titanium Salary Account 

Given below are the features and benefits of ICICI Bank Salary Account: 

  1. Rate of interest: Up to 3.50%. 
  2. It has four account variants: Gold, Silver, Defence, and Titanium. 
  3. Bank provides an international debit card with zero annual fee. 
  4. Avail phone banking and a free personalised chequebook

HDFC Bank Salary Account 

With the help of HDFC Bank Salary Account, you will be able to enjoy the modern advantages of a salary account such as SMS banking, phone banking for free, and 24/7 customer service. 

Types of Salary Accounts 

  1. HDFC Premium Salary Account 
  2. HDFC Regular Salary Account 
  3. Family Salary Account 
  4. Reimbursement Account 
  5. Government Salary Account 
  6. Defence Salary Account 

The features and benefits of HDFC Bank Salary Account are as follows: 

  1. Rate of interest: 3.50% 
  2. Daily domestic ATM withdrawal limit: Up to Rs.25,000. 
  3. Bank also offers personal loans based on your eligibility. 
  4. Get Personal Accidental Coverage of up to Rs.10 lakh. 
  5. You can transfer funds for free via RTGS or NEFT
  6. First five transactions for free across the country. 
  7. First three transactions for free at other bank ATMs in top six cities namely, New Delhi, Mumbai, Kolkata, Chennai, Hyderabad, and Bengaluru. 
  8. First five free transactions in other cities. 

SBI Salary Account 

SBI Salary Account is a zero-balance account which offers various facilities such as auto loans, personal loans, home loans, etc. 

Types of Salary Accounts 

  1. Indian Railways Salary Package (IRSP) 
  2. Corporate Salary Package (CSP) 
  3. Defence Forces Salary Package 
  4. State Government Salary Package (SGSP) 
  5. Central Government Salary Package (CGSP) 

The following are the features and benefits of SBI Salary Account: 

  1. Rate of interest: 2.70% 
  2. Free unlimited transactions at all ATMs. 
  1. Bank also offers credit cards to the accountholders. 
  2. Fund transfer facility without charges via RTGS or NEFT. 
  3. Personal Accidental Coverage of up to Rs.20 lakh. 
  4. Auto Sweep-in facility is provided. 
  5. There are four variants available as per your net monthly salary: 
  6. Diamond: More than Rs.50,000 to up to Rs.1 lakh 
  7. Platinum: More than Rs.1 lakh 
  8. Silver: Rs.10,000 to Rs.25,000 
  9. Gold: Over Rs.25,000 to up to Rs.50,000 

Bank of Baroda Salary Account 

Bank of Baroda Salary Account is designed for a targetted for various professionals. Now, let us have a look at the types of salary accounts available by Bank of Baroda. 

Types of Salary Account 

  1. Baroda Salary Premium Account 
  2. Baroda Salary Privilege Account 
  3. Baroda Super Salary Account 

The following are the features and benefits of Bank of Baroda Salary Account: 

  1. Discounts is offered on debit card issuance along with cashback as well as offers. 
  2. Based on the type of your salary account, you can get an overdraft facility of up to Rs.3 lakh. 
  3. Depending on your eligibility criteria, you can get lifetime free credit cards. 
  4. Exciting deals and discounts are offered on locker rentals, Demat AMC, and issuance fee of prepaid cards. 
  1. Complimentary air accidental insurance cover and accidental insurance coverage. 

Citibank Suvidha Salary Account 

Through Suvidha Salary Account of Citibank, you can avail zero balance salary account, mobile banking, debit card, and various other benefits provided at competitive rates. 

Given below are the features and benefits of Citibank Suvidha Salary Account: 

  1. Avail the overdraft facility of up to five times your monthly salary. 
  2. Redeemable cash as well as attractive reward points on every debit card purchase. 
  3. Complimentary accidental cover of up to Rs.10 lakh. 
  4. Free fund transfer via RTGS, IMPS, and NEFT. 
  5. Debit cards come with a zero-fee debit card on all ATMs and merchants. 
  6. Preferential pricing on Citibank personal and home loans. 

PNB MySalary Account 

PNB MySalary Account can be opened by the MNCs, PSYs, corporate, and government employees. 

Types of Salary Accounts 

  1. Premium Salary Account 
  2. Silver Salary Account 
  3. Gold Salary Account 
  4. Platinum Salary Account 

The features and benefits of PNB MySalary Account are as follows: 

  1. Rate of interest: Up to 3.50% 
  2. It provides medical benefits. 
  1. Get an overdraft facility of up to Rs.3 lakh. 
  2. Complimentary personal accidental insurance cover of Rs.20 lakh. 

UCO Suvidha Salary Account Scheme  

The UCO Suvidha Salary Account Scheme is a zero-balance account that comes with an auto-sweep facility, cheque facility, and more.  

The features and benefits of the UCO Suvidha Salary Account Scheme are as follows: 

  1. Get personal accident insurance and air accidental insurance.  
  2. Concessional interest rate is offered under the Platinum variant. 
  3. Avail unlimited free transactions at UCO Bank ATMs. 
  4. Get 25 + 25 free cheques every year. 
  5. Avail domestic and international lounge access under the RuPay debit card.  
  6. Avail SPA services, health check-up, PAIS, gym membership, etc., depending on the variant.
Check Free Credit Score

How to Select the Best Salary Account in India? 

If you want to open a salary account, you have to analyse various points based on the points given below: 

  1. ATM-Related Facilities: If you withdraw cash frequently, it is ideal for you to choose a salary account which provides the maximum number of free ATM withdrawals. Apart from this, you also need to check the bank that you have chosen has a maximum number of ATMs in your city. 
  2. Interest Rate: One of the most important points that you have to check is the rate of interest provided in the salary account. To check this, you have to go to the savings account interest rates section as salary account is a kind of a savings account. Thus, it is recommended to check and analyse which bank offers the better interest on your savings account balance. 
  3. Other Facilities: Other than the above-mentioned facilities, there are various other facilities which banks are providing to the accountholders. Certain facilities such as insurance, reward points on debit card spends, minimal rates of a car loan, personal loan, home loan, etc.
Check Free Credit Score

Salary Account vs Savings Account 

Feature

Salary Account

Savings Account

Category

Falls under savings account

Independent account type

Monthly Average Balance (MAB)

No MAB required

Must maintain a minimum average balance (pre-decided by bank)

Penalty for Low Balance

No penalty if balance is zero

Penalty charged if balance falls below MAB

Minimum Opening Balance

Can be opened with zero balance

Requires minimum balance as per bank policy

Purpose

For salary credit by employer

To encourage savings

Salary Account vs Current Account 

Feature

Salary Account

Current Account

Purpose

For crediting monthly salary by employer

For facilitating daily business transactions

Eligibility

Salaried individuals

Businesses, firms, and professionals

Daily Transactions

Limited; charges apply if exceeded

Unlimited transactions allowed

Usage

Personal salary management

Business operations and high-volume transactions

FAQs on Top Salary Accounts in India

  • Can we use our salary account for personal use?

    Yes, you can use salary account for personal use. This is because salary account is a special type of savings account which has additional features. 

  • Which is the best salary account?

    Each salary account has its own features and benefits. You can opt for the one which fulfils your needs and requirements. 

Disclaimer
Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.