The salary saving account is dedicated to the employees of institutions/firms/ companies where the salary will be deposited directly to the bank. It targeted to Employees of Institution /Firm/ Companies where the salary will be deposited directly to the Bank.
Last Updated Date: May 17, 2022
NIC Asia bank has established a history in the banking sector by establishing itself on 30 June 2013 as the first type of merger bank between the two commercial banks, NIC Bank and Bank of Asia. Since its inception, it has been operating successfully and has today become one of the largest private sector commercial banks in the country in terms of the capital base, balance sheet size, ATM Locations and the number of the branches. The Bank has 327 branches in Nepal, 102 extension counters, 64 branchless banks and 469 ATMs. The main focus of this bank is meritocracy, transparency, professionalism, team spirit and service excellency. The main vision of this bank is to be one of the most respectable and honorable banks in terms of financial performance. The mission of this bank is to become a leading bank in Nepal by providing complete financial solutions to its customers.
Documents Required for Salary Saving account :
A Salary Account is an account to which your salary gets credited. Usually, banks open these accounts on request of corporations and major companies. Each employee of the company gets their own Salary Account which they are required to operate on their own. When the time comes for the company to pay its employees, the bank takes the money from the company’s account and then distributes it to the employers accordingly. The salary saving account is dedicated to the employees of institutions/firms/ companies where the salary will be deposited directly to the bank. It is targeted to the employees of institution /Firm/ Companies where the salary will be deposited directly to the Bank.
A corporate Salary Account can be opened by an individual whose company has a salary relationship with us. A Salary Account is created by the employer. The purpose of the Account is such that it makes sense for the employer to be the one who creates it. In contrast, anyone can open a Savings Account. You can choose from various Savings Account variants here. In case of the latter, if you have not closed down or converted any previous Salary Account after switching employers, then be sure to do so, else banks will charge a maintenance fee or a penalty on not maintaining a minimum balance on these now converted Savings Accounts.
A Salary Account offers more benefits (compared to savings account) as it is more profitable to the bank due to its nature of receiving a fixed amount of money every month. The benefits that a Salary Account holder receives, may vary from bank-to-bank. Within a single bank too, there may be different types of Salary Accounts offering various benefits. However, there are certain common benefits that come with a Salary Account – zero minimum balance, free cheque book / passbook / e-statements, Debit Cards, NetBanking, Phone Banking, online fund transfer, Demat Account/services, loan conveniences, Credit Card offers, utility bill payments, etc.