Corporate Payroll Account FAQ

FAQs about Corporate Payroll Account - IDBI Bank Salary Account FAQs

With an IDBI Bank Salary Account you can enjoy a host of benefits and services viz. Zero balance savings facility and reimbursement account and free facilities in the form of Debit-cum-ATM card, cheque book, Omnipay, etc. For more details Click here to view them.

No, you cannot. It is true that the Salary Account is an individual level account, but however, a single person cannot open an account directly on his own. There has to be an agreement between the individual's employer and the Bank, and the employer has to sign up for the Salary Account program.

  • Introduction by the company (Stamped and Signed by the authorized signatory of the company)
  • Photocopy of the Pan Card
  • Address proof (only in case the applicant has given personal address for correspondence and not the address of the Corporate)

No. As a Salary Account customer you get a special waiver on the minimum balance requirement. It is a zero balance account.

Yes, a separate account shall be opened for you who shall be linked to your main Salary Account.

Given below is a list of transactions that you can do through Internet Banking:

  • Account management
  • View account balance
  • Download statement of accounts
  • View cheque status

Demat Account information
Holding details
Generation of demat statement
View billing statement
Full transactional level
Fund transfer
Utility bill payment

Phone Banking gives you the convenience of 24 hours banking on your fingertips. You can do all the following and many more transactions on the phone:

  • Balance enquiry
  • Details on your Demat Account
  • Report loss of ATM/Debit Card
  • Cheque status
  • Cheque book request
  • Stop payment request
  • Open fixed deposit
  • Utility bill payments
  • funds to other bank accounts
  • Dial-a-draft

Yes, you can open a joint account with your spouse or your blood relationships by providing the identity proof of your joint account holder.

IDBI Bank will provide you the benefits till you are an employee of an organization and the salary continues to get credited to the account.

You need to give a written application to any of the IDBI Bank branches.

Yes. Any-branch banking for a Salary Account customer is free within limits. (Should there be a star sign here, refer to schedule of charges)

Demand Drafts issued on IDBI Bank locations is free for Salary Account holders up to limits

The Debit Card is free for the first year for IDBI Bank Salary Account holders.

Zero for the first year. Subsequently it will be charged at the prevailing rate.

Yes, for IDBI Bank Salary Account customers we waive the first year AMC fees.

In case you resign from the existing company, you need to discontinue the zero-balance Corporate Salary account and convert the account into a Super Savings Account to continue enjoying the Bank's product and services at the applicable service charges. Click here to view the facilities provided in Super Savings Account.