Salary accounts streamline the entire process for the employer and provide lucrative benefits to the employee (as it offers more benefits than a savings account).Īn SBI salary account is revered for two fundamental reasons. It’s a win-win for both the employer and the employee. The employer, having a tie-up with the bank, credits the monthly salary of its employees to their respective salary accounts.
Salary accounts are special varieties of savings accounts offered to salaried individuals.