How can I check if my account is a salary account or a savings bank account?

In India, you can check if your account is a salary account or a savings bank account by checking the account number and the MICR code. The account number will typically have a prefix or a suffix that indicates the type of account. For example, in some banks, a salary account number may have the prefix “SAL” or “SALARY”, while a savings account number may have the prefix “SAV” or “SB”.

The MICR code (Magnetic Ink Character Recognition) is a unique code that is used to identify the bank and the branch where the account is held. The first 3 digits of the MICR code represent the city code, the next 3 digits represent the bank code and the last 3 digits represent the branch code.

You can also check the account type by visiting your bank’s website or by logging into your online banking account and checking the account details.

Additionally, you can visit your bank branch and they will be able to provide you with information about your account type.

There are a few ways to check whether your account is a salary account or a savings account:

  1. Check your account statement: Your bank will typically indicate the type of account on your account statement. Look for phrases like “salary account” or “savings account”.
  2. Contact your bank: You can reach out to your bank’s customer service department and ask them to confirm the type of account you have.
  3. Check online banking: If you have online banking set up, you may be able to see the type of account under your account details.
  4. Check the account number: The first few digits of an account number can indicate the type of account. Savings account numbers generally start with the number “5” while salary account numbers generally start with the number “7”

It’s important to note that some banks have different names for different types of accounts, so it’s always best to check with your bank to confirm the type of account you have.

Share