Question

The account suitable for salaried people. Answer in a word / phrase / term.

Answer 1

Top 5 Salary Accounts in India

Kotak Platina Salary Account. Kotak Mahindra Bank provides Platina Salary Account that comes with the features and benefits of premium banking. ...

ICICI Bank Salary Account. ...

HDFC Classic Salary Account. ...

SBI Corporate Salary Package (CSP) ...

Axis Priority Salary Account.

Answer 2

The Salary Account is an account which is suitable for salaried individuals. They can avail overdraft facilities on their accounts.

There are no interests paid on this account and if the salary is withheld for more than 3 months, then it can be converted into a savings account.

That simplifies the process of obtaining an overdraft on this account.