Minimum Number of Employees Needed to Open Salary Accounts with Indian Banks? Seeking Clarification

Hi,

Our company tried to open salary accounts with ICICI Bank, but they said we can open salary accounts with a minimum of 20 people only. My question is, what is the minimum number of people required to open salary accounts with a bank, and which banks in India provide salary accounts? Please clarify.

Hi!

It depends on the bank. Different banks will have different rules for corporate salary accounts. All banks provide salary account facilities. You need to get in touch with a couple of banks, negotiate with them, and finalize based on the number of value-added services they provide. Some of the banks would be Axis Bank, HDFC Bank, SBI, UCO Bank, etc.

Regards,
Byomjeet