Eligibility for Conversion

• Yes, a savings account can be converted into a salary account if you are employed with a registered organization.
• The employer must have an existing tie-up with the bank holding your savings account.
• You should be a salaried employee receiving regular monthly income.
• The bank may require an official request from the employer to approve the conversion.
• Not all savings accounts are eligible—check with your bank’s policy first.

Required Documentation

• Submit a recent salary slip or employment letter confirming your current job.
• Provide a company ID card or a letter from HR with your employee details.
• Fill out a conversion request form provided by the bank.
• Existing KYC details may be revalidated depending on the bank’s process.
• In some cases, no new documents are needed if the employer confirms directly.

Conversion Procedure

• Visit your home branch or apply via online banking, if the bank supports digital conversion.
• Submit the form along with employment proof and ID verification.
• The bank will verify the details with the employer or corporate database.
• Upon approval, the account type will be updated from savings to salary.
• The account number, card, and digital access usually remain unchanged.

Features After Conversion

• You may receive zero minimum balance benefit after conversion.
• Salary account benefits like free cheque books, ATM withdrawals, and preferential services apply.
• The bank may offer additional perks like overdraft, insurance, or premium debit cards.
• Your employer may use this account for monthly salary credit.
• All existing balances and linked services remain intact.

Important Considerations

• Ensure regular monthly salary credit continues after conversion.
• If salary is not credited for 2–3 months, the account may revert to a regular savings account.
• Notify your employer’s payroll department of the account update.
• Monitor bank communication for changes in terms or features.
• Conversion is a one-time process and requires proper verification.