Types of Salary Accounts: Know Your Options for Managing Your Income

01 Mar 2024

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Almost everyone who works as a salaried employee has a salary account created for them. If you are wondering what a salary account is, the answer is simple. It is a savings bank account created by a company or an employer to conveniently pay off salaries to its employees. A salary account helps simplify the process of crediting salaries for the employer, while offering a plethora of benefits to its employees, such as seamless mobile banking and online services. Let us take a look at the benefits of having a salary account.

Zero Balance Account :

A salary account is a zero-balance account. As the name itself implies, a salary account can be opened without any minimum balance. The account holder does not have to maintain a monthly minimum balance or worry about penalty charges in failing to do so, thus offering the employee more flexibility on how they handle their money.

Debit Card & Personalized Cheque Book :

The employees with a salary account also get ATM/Debit Card facilities for cash withdrawals and online/offline transactions. In addition to this, they also get personalized cheque books for lump sum transactions and deposits.

Mobile & Online Banking :

The employees also get seamless mobile or internet banking services through which they can make transactions effortlessly, from the comfort of their homes.

Ease of Obtaining Loans :

The account holder has access to a wide spectrum of loans, be it a car loan, home loan, or personal loan. Having a salary account with a certain bank will also ensure that interest rates on the loans are competitive.

Understanding Bank of Baroda Salary Accounts

Bank of Baroda understands the diverse financial needs of both the employer and the employees, thus providing various types of salary accounts to cater to everybody’s needs. Providing attractive benefits, it empowers the account holder to manage their finances while providing the flexibility that they need. All the bank of baroda salary accounts come with benefits and features that are tailored to make banking simple and convenient.

Types of Salary Account offered by Bank of Baroda

Baroda Salary Classic Account :

This account is ideal for individuals who fall within the salary band of INR 10,000 to INR 50,000 a month, and is suitable for trainees or entry-level employees.

Baroda Salary Super Account :

BoB Super Salary account is the perfect bank account for individuals whose gross salary falls between INR 50,000 to INR 1,00,000. It is suitable for junior management level employees.

Baroda Salary Premium Account :

As the name itself suggests, it is a premium salary account for employees who get a salary of INR 1,00,000 to INR 2,00,000. This account is designed for middle management employees to easily shuffle and use their funds.

Baroda Salary Privilege :

A salary account that reflects the status of an individual, this account is designed to cater to the top management of a company with a gross salary credit of more than INR 2,00,000 per month.

Bank of Baroda - Defence Salary Services

Salary and Pension Solutions for Indian Military Personnel :

This is a salary account designed for the bravehearts of our country. This defence salary account comes with the benefits of military pension, loan schemes, future proof insurance, and military salary benefits. Employees of the following forces are eligible for this account:

  • Indian Army
  • Indian Air Force
  • Indian Navy
  • Indian Coast Guard

Salary and Pension Solutions for Indian Central Forces Personnel :

This salary account is a savings cum pension account that is specially designed to cater to the banking needs of the armed forces of India. The account holder can avail overdraft facility for up to INR 3,00,000. Employees of the following forces are eligible for this account:

  • Assam Rifles
  • Border Security Forces
  • GREF (Border Roads Organization - BRO)
  • Indo-Tibetan Border Police
  • Sashastra Seema Bal
  • Central Industrial Security Force
  • Central Reserve Police Force
  • Railway Protection Force
  • National Disaster Response Force
  • Special Security Forces

Salary and Pension Solutions for Indian Police Forces :

As the name itself suggests, this account is designed for those who are a part of the police forces. This PSP (Police Salary Package) Account comes with the benefit of a lifetime free Yodha Debit Card along with many others. Employees of the following forces are eligible for this account:

  • Central Bureau of Investigation
  • State Police Forces

Salary Solutions for Central/ State Govt. employees for drawing Salary :

This is an all-rounder salary account for all Central and State Government employees. This account comes with an added benefit of Personal Accident Insurance along with several other perks. Employees of the following organizations are eligible for this account:

  • Central Government
  • State Government
  • State and Central Public Sector Undertakings (PSU)
  • Employees of Local Bodies (Central, UT & State)
  • Employees of Companies with major holdings of Government (State/Central)

Choosing the Right Bank of Baroda Salary Account for Your Needs

Depending on the organization and position you are working in, you can choose the right salary account for you from the different types of salary account that Bank of Baroda offers. Each type of salary account comes with its own features and benefits that are tailored to meet your requirements.

Also Read: Why Opening Saving Account with Bank of Baroda is the Best Choice


Before opening a salary account, it's advisable to carefully review the specific terms, conditions, and offerings provided by Bank of Baroda on each account. Compare these with your financial goals and preferences to ensure that the bank aligns with your needs. Additionally, consider factors such as fees, charges, and the overall banking experience to make an informed decision that suits your financial requirements. Bank of Baroda offers a plethora of different accounts for several organizations and designations. Look into your eligibility and choose the right salary account for yourself.

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    The contents of this article/infographic/picture/video are meant solely for information purposes and do not necessarily reflect the views of Bank of Baroda. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Bank of Baroda and/ or its Affiliates and its subsidiaries make no representation as to the accuracy; completeness or reliability of any information contained herein or otherwise provided and hereby disclaim any liability with regard to the same. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject Bank of Baroda or its affiliates to any licensing or registration requirements. Bank of Baroda shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.

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Benefits of Having a Separate Salary Account and Savings Account

Separating your salary and savings accounts is like drawing a clear line between your finances. It might seem like a small detail, but it can make a world of difference in your ability to manage your money effectively and achieve your financial goals. It helps prevent mindless spending while motivating you to save at regular intervals, thus making it easier to achieve your financial goals. Through this blog, let us understand why it is important to have a separate savings and salary account.

How does Bank of Baroda stand out as the top choice for Salary Accounts?

Bank of Baroda Salary account is an account that goes beyond saving. It empowers the employee with attractive benefits. Bank of Baroda stands out as a compelling choice for the opening of Salary Accounts. Tailored to customers' needs, Bank of Baroda offers various types of Salary Accounts.

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