Corp PayRoll Salary SB Account
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Corp PayRoll Salary SB Account
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- Account Type
- Saving Account
- Minimum balance
- Zero
- Daily withdrawal limit
- N.A.
- Free debit card
- Free
- Funds transfer facilities
- Free
- Auto sweep FD facility
- N.A.
Features and Benefits of Corp PayRoll Salary SB Account
The Salary Savings Bank Account, Corp PayRoll from CorpBank is aimed at providing a “Hassle Free" PayRoll Administration Solution for all types of organizations.
Eligibility Conditions
| v | Organisation should have a minimum of 25 employees |
| v | Average Salary payout to be more than Rs 10,000 or Total Monthly Salary Payout to be more than Rs 2.5 lakhs |
Advantages to the Employer
| v | Reduces hassle of payroll administration |
| v | Needs to provide salary details in prescribed file format along with one consolidated cheque |
| v | Can even make salary payment online through the Bulk Pay facility of Internet Banking |
Advantages to the Employee
| v | Accounts can be opened with Zero Balance |
| v | Salary directly credited to the account of the employee |
| v | SMS Alert when Salary is credited |
| v | TOD facility available in case of emergency |
Special Features
| v | TOD facility upto 50% of net salary – for those employees whose salary is more than Rs 10000 p.m |
| v | Free remittance be means of DD/PO upto Net Salary |
Other features
| v | International VISA Debit Card |
| v | Access to 1060+ CorpBank ATMs and 15000 VISA ATMs |
| v | Any Branch Banking & Multi City Cheques |
| v | Internet Banking |
| v | SMS /Mobile Banking |
| v | LIC Premium Payment through SMS / CorpBank ATMs |
| v | Inter Bank Funds Transfer (NEFT) through Internet Banking/ATMs/SMS/Branches |
| v | VISA Money Transfer |
| v | Gold Coins |
| v | Mutual Funds |
| v | Direct Tax Collections |
| v | And all other facilities as applicable to Savings Bank Accounts |
Documents Required for Corp PayRoll Salary SB Account
Identity proof :
* Passport
* PAN card
* Voter ID card
* Driving licence
* Government ID card
* Photo ration card
* Senior citizen ID card
Address proof :
* Passport
* Telephone bill
* Electricity bill
* Bank Statement with Cheque
* Certificate/ ID card issued by Post office
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