SIB Basic Salary Account

Home » Salary Account » SIB Basic Salary Account

3.5

Average Review

SIB Basic Salary Account

Basic Salary Account offers seamless salary credits, zero balance benefits, and hassle-free banking. Enjoy easy access and exclusive perks today!

  • cheque availibilty
Apply Now Terms & Conditions Apply

Details for SIB Basic Salary Account

The Basic Salary Account is designed for employees to receive salary credits effortlessly. It offers zero balance maintenance, free transactions, and convenient banking services. Enjoy benefits like ATM access, online banking, and exclusive perks, ensuring a smooth and hassle-free financial experience.

Interest Rate

4% p.a.

Withdrawal Limit

20,000/- per day

Transaction Limit

1,00,000/- per day

Additional Benefits

  • For monthly net salary of up to Rs. 10,000/-.
  • Debit card: Classic variant
  • Free debit card issuance
  • No annual maintenance charge for card for 1st year.
  • Free unlimited SIB ATM transactions.
  • Free 5 (five) other bank ATM transactions in a month
  • $ Free accidental death insurance of Rs. 1 lakh.
  • Free Internet banking facility available
  • Mobile banking facility available
  • Free RTGS / NEFT transfer limit per month: Rs. 20,000/- (charges applicable above free limit)
  • Discount in locker rent.
  • Free 5 leaves cheque book in a calendar year (charges applicable above free limit)
  • 13Free DD issuance of Rs. 5,000/- (charges applicable above free limit)
  • 14.50% waiver in loan processing fee for vehicle and housing loan
  • Facility for opening demat and trading account.
  • Facility for opening NPS account.
  • Facility for unlimited other bank ATM transactions on maintaining regular monthly average balance of Rs. 10,000/- per month.