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Home > FAQ > Corporate Payroll Account  
 
 
 
General FAQs
 
Q1
What are the benefits of opening an IDBI Salary Account?
 
With an IDBI Salary Account you can enjoy a host of benefits and services. Click here to view them.
   
Q2
Can I as an individual open a Salary Account with IDBI?
 
No you cannot. It is true that the Salary Account is an individual level account, but however, a single person cannot open an account. 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 programme.
   
Q3
What documents do I need to submit for opening an IDBI Salary Account?
 
  • Introduction by the company (Stamped and Signed by the authorised signatory)
  • Photocopy of the Pan Card
  • Address proof (only in case of change in address)
   
Q4
Do I require an introduction from an existing IDBI account holder for opening a Salary Account?
 
No. Introduction has to be made by your employer only.
   
Q5
Do I have to maintain any minimum balance in the account?
 
No. As a Salary Account customer you get a special waiver on the minimum balance requirement. It is a zero balance account.
   
Q6
Can I open a separate account to route my reimbursements?
 
Yes, a separate account shall be opened for you which shall be linked to your main Salary Account.
   
Q7
What all can I do with the Internet Banking facility offered to me with my Salary Account?
 
Given below is a list of transactions that you can do through Internet Banking:
  • Account management
  • View account balance
  • View deposit and loan account
  • 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
   
Q8
What all can I do with the Phone Banking facility offered to me with my Salary Account?
 
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
  • Transfer funds to other bank accounts
  • Dial-a-draft
   
Q9
As a Salary Account holder, can I open a joint account? If yes, with whom?
 
Yes, you can open a joint account with your spouse or your blood relationships by providing the identity proof of your joint account holder.
   
Q10
If I am working for a company, which sends me to the United States of America for a couple of years or so, can I still continue getting the benefits of IDBI?
 
IDBI will provide you the benefits till you are an employee of an organisation.
   
Q11
How do I change the nominees for my Salary Account?
 
You need to give a written application to any of the IDBI branches.
   
Q12
If I am a customer in Chennai, can I withdraw money from a Mumbai branch?
 
Yes. Any-branch banking for a Salary Account customer is free without limits.
   
Q13
What are the charges for a Demand Draft issued on any IDBI locations, for Salary Account holders?
 
Demand Drafts issued on IDBI locations is free for Salary Account holders up to limits. (Should there be a star sign here, for schedule of charges)
   
Q14
What are the charges for a Debit Card?
 
The Debit Card is free for the first year for IDBI Salary Account holders.
   
Q15
What is the charge for an add-on Debit Card on an IDBI Salary Account?
 
Zero for the first year. Subsequently it will be charged at the prevailing rate.
   
Q16
Can I open a Demat Account and what are the charges applicable?
 
Yes, for IDBI Salary Account customers we waive the first year AMC fees.
   
Q17
What if I resign from the organisation?
 
Incase you resign from the existing company, you are requested 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 SuperSavings Account.

 

   
     
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