Does amount present in salary account earn interest, like saving bank account ?

POSTED BY nsg ON February 6, 2014 10:14 am COMMENTS (9)

Does amount present in salary account earn interest, like saving bank account ?

9 replies on this article “Does amount present in salary account earn interest, like saving bank account ?”

  1. ashalanshu says:

    Dear Nsg, thanks for the update.

    Thanks

    Ashal

  2. ashalanshu says:

    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?

    Thanks

    Ashal

    1. nsg says:

      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 !

  3. ashalanshu says:

    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

    1. nsg says:

      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.

  4. ashalanshu says:

    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?

    Thanks

    Ashal

  5. ashalanshu says:

    Dear Nsg, the plain answer is yes.

    Thanks

    Ashal

    1. nsg says:

      Dear Ashalanshu
      But my salary account is not earning any interest

  6. vz1hrp says:

    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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