Salary Accounts in Banking

sunandaC

Sunanda K. Chavan
Salary Accounts
Salary Account is a feature rich corporate payroll account with benefits for both corporates and its employees.
• The process of drawing cheques for salaries is replaced by sending a single ASCII file to the bank and the amount is directly credited into the employees salary account
• Cuts down payroll processing workload
• Salary Account can be opened with minimum 10 employees
• Instant credit of salaries

ICICI Bank Salary Account is a benefit-rich payroll account for Employers and Employees.
As an organization, you can opt for our Salary Accounts to enable easy disbursements of salaries and enjoy numerous other benefits too.

With ICICI Bank Salary Accounts your employees will enjoy the convenience of :
• Having the largest network of ATMs at their command,
• Free 24 hour Phone Banking,
• Free Internet Banking.
All that the organization would require to do is to send ICICI Bank an advice (in form of a cheque/debit instruction, ecs, etc) for the total salary amount along with the salary details of the designated employees in a soft and hard copy format and we will credit the respective employees' accounts as per your statement of advice.

ICICI Bank Salary Accounts benefits you in more than one ways:-

• Reduces paperwork.
• Saves remittance costs.
• Employees receive instant credit of salaries.
• More convenient than ECS.
Besides all of the above, employees automatically become ICICI Bank account holders with special benefits and privileges of 8-8 banking, Investment advisory and much more...

Eligibility
The organization needs to have a minimum of 25 employees and a payout of Rs 36.0 lacs per annum and average salary per account of Rs. 12,000 per month.
 
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