If you are a new Bank of India (BOI) account holder and wondering how to check the type of account, i.e., whether it is a salary or zero balance account, this article will be useful for you. Are you confused by the BOI salary account and zero balance account while checking your bank statements?
What is a salary account?
When you join an organization as an employee, your salary account is opened for his/her monthly salary that is directly credited by the employer. An individual can maintain more than one salary (savings and current) account.
This account is meant for your regular salary. You would need this account to get the pay from your employer or from the bank or from any third party.
Other than BOI salary accounts are available at many banks across India like State Bank Of India, HDFC Bank, Indian Bank, ICICI Bank, Axis Bank and more.
How do know my BOI account is a salary account or not?
There are three ways to check if your account is a salary account or not. It’s pretty simple and easy as follows:
Way 1: By Visiting Branch
To know the salary account, please visit the branch directly with your Aadhar card and Passbook or account number. Please be sure to tell customer care that you want to check whether their accounts are salaried accounts or not.
Way 2: Contact Customer Care
Services Customer Care of Bank of India is available 24/7. Do you want to know any information related to your account (salary account or not)? Simply call or send an online query to the BOI Bank customer care number. They will be provided accurate and honest answers related to your account.
Note – You must call from your registered mobile number
1800 220 229 (Tollfree)
1800 103 1906 (Tollfree)
(022) – 40919191 (chargeable number) – 24 X 7
Way 3: Check the Account Statement whether you have any penalties with a balance of zero at the end of the month.
Note that, If you have been absent from work for a long time and your employer does not deposit your salary in time, your account can be converted to savings.
Requirements need to open a zero balance account
Zero balance accounts are an industry norm now. Almost every bank in India offers it to their customers. However, many people think that zero balance accounts are the best way to go about it. But before you make a decision, you need to know what exactly the requirements are to open a zero balance account.
- Letter of Joining
- Adhar Card
- PAN Card
- Company ID Card (Option)
Benefits of Salary Account in BOI
- There are a lot of advantages of salary account with the most important being that it gives you no penalty for Zero balance.
- There are no yearly fees for debit cards.
- Account holders are eligible for tax savings.
- The consumer receives the most competitive loan interest rates accessible.
We can understand if you are a new account holder and want to know your account type, which is actually a very simple thing. So instead of cribbing all the time, it is better to follow a few steps to obtain the same.
Hopefully, this article would have shed some light on the How to find your account in BOI is zero balance or not. As always, if you have any questions, we’re more than willing to answer them in the comments section below. Thank you!