Possibility of Account Conversion

• Yes, a savings account can be converted into a salary account.
• Most banks allow this conversion if the employer has a corporate tie-up.
• The request must be initiated by the account holder or the employer.
• The conversion enables access to salary-specific features.
• The account number may remain the same in many cases.

Eligibility and Employer Criteria

• The employer must have an active salary arrangement with the bank.
• Only employees of registered companies are eligible for conversion.
• Proof of employment, such as a company ID or offer letter, is required.
• The bank may contact the employer for confirmation.
• Government or private sector employees can both apply.

Required Documents for Conversion

• Recent salary slip or appointment letter.
• Valid employee ID card issued by the organization.
• Declaration or conversion form from the bank.
• Updated Know Your Customer (KYC) documents if needed.
• Employer certification may be required for bulk conversions.

Features After Conversion

• Zero minimum balance requirement typically applies.
• Free ATM withdrawals, chequebooks, and fund transfers may be included.
• Salary credit recognition leads to faster account services.
• Overdraft facility and loan offers may be extended.
• Dedicated relationship management or employee benefits are added.

Process and Activation

• Visit the bank or employer’s HR department to initiate the request.
• Submit the required documents and conversion form.
• The bank verifies employment and eligibility.
• Once approved, the account status changes within a few working days.
• SMS or email notification is sent after successful conversion.