Benefits of Bank of India Salary Account

Bank of India (BOI) offers a Salary Account to cater specifically to salaried individuals The Salary Account is designed to provide various benefits and features tailored to meet the banking needs of employees who receive regular salary credits into their accounts

Here are some common features and benefits of the Bank of India Salary Account:

● Zero Balance Account: Many Salary Accounts offered by Bank of India come with the advantage of a zero balance requirement, meaning you don't need to maintain a minimum balance in the account

● Cheque Book and Debit Card: Upon opening a Salary Account with BOI, customers typically receive a personalized cheque book and a debit card, which can be used for withdrawals and transactions at ATMs, online purchases, and point-of-sale (POS) payments

● Internet and Mobile Banking: Bank of India provides internet banking and mobile banking facilities, allowing customers to access and manage their accounts, perform transactions, and avail various banking services online or through their smartphones

● Overdraft Facility: Some Salary Accounts may offer an overdraft facility to customers based on their salary credits and credit history. The overdraft allows customers to withdraw more than their available balance, up to a certain limit, subject to specific terms and conditions

● Personal Loans and Home Loans: Bank of India may offer special terms on personal loans and home loans to Salary Account holders, making it easier for them to avail of credit facilities at attractive interest rates.

● Bill Payment and Utility Services: Salary Account holders may have access to utility bill payment services and other payment facilities for added convenience.

● Insurance and Investment Products: Depending on the specific Salary Account package, customers may be eligible for preferential terms on insurance products and investment options provided by Bank of India

● Rewards and Offers: Some Salary Accounts come with special offers, discounts, and rewards on various services, including shopping, dining, travel, and entertainment

It is important to note that the features and benefits of Bank of India Salary Accounts may vary depending on the specific account package chosen by the employer or individual customers.

Additionally, banks often update their account offerings and terms, so it is recommended to visit the official Bank of India website or contact the nearest branch for the most up-to-date information on their Salary Account offerings