Question: What Is The Full Form Of DSP Account?

What is difference between saving and salary account?

So, what exactly is the difference between a Savings Account and a Salary Account.

While a Salary Account is usually opened with the purpose of an employer crediting the salary to the employee, a Savings Account is opened to deposit money for the purpose of holding or saving it with the bank..

What is the minimum balance in SBI bank account?

Currently, SBI savings bank account customers need to maintain an average monthly balance of Rs 3,000 in metro, Rs 2,000 in Semi urban and Rs 1,000 in rural areas. Further, the bank used to levy a penalty of Rs 5 to Rs 15 + taxes on non-maintenance of average monthly balance as stated above.

What are the benefits of salary account in SBI?

Here are a few benefits of our Salary Package Account:Zero Balance Account.No Monthly Average Balance charges.Employee Reimbursement Account.Auto Sweep Facility.Lifetime Free Debit Card with exclusive benefits.Free unlimited transactions across any Banks’ ATMs.Free Demand Draft.Free Multi City Cheques.More items…

What is Silver account in SBI?

Benefits of Silver Category As part of this category, you will be eligible for following benefits: 1. Classic ATM cum Debit Card. 2. Daily expenditure limit of Rs.

Which salary account is best?

The following is the list of best 5 salary accounts available in India:Kotak Platina Salary Account.SBI Corporate Salary Package.HDFC Bank Classic Salary Account.Citibank Suvidha Salary Account.Axis Bank Prime Salary Account.

Does salary account have interest?

As the name says, a salary account is basically opened by your employer to credit your salary. However, the amount maintained in the account, will not be entitled for interest rate. …

Is it safe to keep money in salary account?

The answer is : YES. Having more than 1 account is always advisable. … If you keep all your money in Salary account, which is having a Debit card and Internet banking facility, there is very high chance of spending more money. So to keep unnecessary expenses in check, you should have more than 1 account.

Which bank is best for Defence salary account?

HDFC Bank Defence Salary AccountThe HDFC Bank Defence Salary Account is a zero balance savings account that comes with the benefit of a free Personal Accidental Death cover upto Rs….HDFC Bank Defence Salary Account Fees and Charges.ParticularsChargesNEFT Charges – InwardFreeMobilebankingFreeMinimum Balance (Average Monthly Balance)Zero69 more rows

Which is better SBI or HDFC?

Some of the key results of the comparison between the two banks are: Lowest Interest rate of SBI Personal Loan is 9.60%, which is lower than the lowest interest rate of HDFC Bank at 10.50%. Hence, SBI is offering a cheaper loan option. … HDFC Bank can be a better option if you are looking for a high value amount.

What is the benefit of DSP account?

Below are the key benefits of the SBI DSP account: * Zero balance account and free unlimited transactions across ATMs of any Bank. Also comes bundled with SBI Credit Card. * Complimentary Personal Accident Insurance (Death) cover up to Rs.

How can I get SBI salary slip?

Generate SBI Employee Salary SlipGo to the official HRMS website portal the homepage, enter your user id and password to log in.Next, click on the option of my salary slip. … Here enters the moth, the year you wish to generate the salary slip.More items…

How can I open salary account in SBI?

State Bank of India offers different types of salary accounts for government employees, corporates, etc….Table of Contents.BankState Bank of IndiaCategorySBI Special Salary AccountMinimum Balance Requirements (MAB)NilInterest Rate – SBI Savings Plus Account4% per annum1 more row

Who can open DSP account?

Defence personnel of the Army, Navy, Air Force, Assam Rifles, Rashtriya Rifles (RR) and GREF [Border Road Organisation (BRO)] can avail Salary Accounts under Defence Salary Package (DSP).

What is PNB Rakshak scheme?

PNB has launched special credit cards for defence personnel with the name PNB Rakshak RuPay credit cards. … The cards are issued under PNB Rakshak Plus Scheme to all serving, veterans and trainees.