V Payroll Savings Bank Account


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V-Payroll Savings Bank Account for salaried class people, particularly those working in Corporation firms, institutions , Companies, Govt. Dept etc.

 Parameter Product feature
Eligibility Minimum Number of Employees in the organization should be 10
Average net salary of the employee Not less than Rs.5,000/- per month
Accessibility through Cheque Free in any of our branches
Minimum Balance Zero
Sweep facility Balance in excess of Rs.25,000/- can be swept into term deposits in multiples of Rs.10,000/-
Other concession 5 free DDs upto Rs.2 Lakh per month. No charges for standing instruction, registration of nomination.
ATM withdrawal Upto Rs.30,000/- per day.
Access to our bank ATMs Free
Access to other bank ATMs 5 free transactions per month (includes cash transaction, balance enquiry, mini statement)
Processing Fee Waiver No processing charge for V-Cash, V-Wheels and Housing Loans
V-Cash loan facility Eligibility as per existing norms for V-Cash loan.
Other facilities V-Payroll account holders can avail of Debit Card, Demat and Internet Banking facilities free of cost.
Credit Card Facility Free Credit Card with a minimum limit of Rs.10,000 and maximum limit based on eligibility of the customer.
Cheque Book Facility 50 cheque leaves free per year
Cash Handling Charges Free upto Rs.2 Lakh per month
KYC Identification introduction and residential address proof of the employee as provided by the employer as per their records , can be accepted as KYC compliance
Privilege Accounts The Executive level employees of the corporate /company whose minimum salary per month is Rs.50,000/- and above, will be offered V-Platinum Savings bank Account

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