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Product Details
Bank Name

IDBI Bank

Account Name

IDBI Platinum Salary Account

Account Type

Salary Account

Interest Rate

Upto Rs. 5 Cr -3.00% and Above Rs.5 Cr up to Rs.100 Cr-3.25%.

Free Debit Card

Signature Debit card

IDBI Platinum Salary Account
Account Opening Fees

0

Annual Maintenance Fees

0

Minimum Account Balance

0

Debit Card Charges

NIL

NEFT Charges

Free online

IMPS Charges

Free online

Fees and Charges

IDBI Platinum Salary Account

0
Special Features
  • Complimentary airport lounge access on Visa Debit card.

  • Credit card facility is also available.

  • 50% discount on small size of locker subject to availability.

Eligibility Criteria

The net monthly salary credit per account to our bank should be => Rs.1,00,000/-

Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
  • Personal accident cover upto Rs.35 lakhs.

  • Air accidental insurance cover of Rs. 25 lakhs.

  • 50% discount on small size of locker subject to availability.

  • Zero balance a/c with unlimited ATM access.

  • Sweep out facility for higher interest earning.

  • Complimentary airport lounge access on Visa Debit card.

  • Credit card facility is also available.

Cons
  • Low interest rates.

  • High monthly salary requirement.

IDBI Platinum Salary Account Review

The account comes very low interest rate. The account offers limited value add benefits. Overall, the account does not have any unique differentiating factor.

Abhijeet Saxena

Abhijeet Saxena

Nalsar University of Law

Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi

Ex - Khaitan & Co. Bengaluru,

Ex - National Stock Exchange, Mumbai,

Ex - Argus Partners, Mumbai

Product Review
Account Opening and Procedure
How to open an Account?

Opening a salary account with IDBI Bank can be done through a couple of methods, primarily involving either online initiation or a visit to a physical branch. Here's a breakdown based on the information I found:

Key Methods:

  • Visiting a Branch:
    This is a traditional and reliable method. You can visit your nearest IDBI Bank branch.Bank personnel will guide you through the process, help you fill out the necessary forms, and inform you about the required documents.

  • Online Initiation:
    IDBI Bank does offer online options to initiate the process. You can start by:Visiting the official IDBI Bank website.
    Looking for the savings account section.

    You may find options to fill out an online form, and then a bank representative will contact you.

Application Procedure
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