February 6, 2014 10:14 am
Does amount present in salary account earn interest, like saving bank account ?
Dear Nsg, thanks for the update.
Dear Nsg, did you cross check the same thing with your bank? What is the reply of your bank? Which bank we are discussing here?
Hi Ashal, I am discussing about my Salary account in Axis bank. i observed my online statement & understood that interest is credited, hence didn’t enquire with bank. Thanks a lot !
Dear Nsg, how do you come to know that salary account is not earning any interest? How old is your salary account? Did you ask the same question with your bank?
Thanks Ashal for the answer, I verified the Axis bank statement from one year, it is earning interest- credited quarterly. I checked with my friend too, his ICICI salary savings bank account is earning interest credited once 6 month.
Dear Nsg, how do you come to know that salary account is not earning any interest? How old is your salary account? Did you asked the same question with your bank?
Dear Nsg, the plain answer is yes.
But my salary account is not earning any interest
salaray account is a savings bank account with extra privileges than a normal savings account. Rate of interest depends on which bank you have the salary account in
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