What is the difference between a savings account and a salary account?

Savings account is an account where individuals keep their savings. Salary account is a type of saving account where you salary gets credited. Usually a bank will offer more benefits to a salary account because it is a fixed source of CASA. Every month 'x' amount will be credited to the account. more benefits would be like- zero balance account etc.

Savings Account is the customer account of a bank. Salary account may be current account, savings account or STD/SND Account. So, we can say savings account and a salary account is the difference things.

Usman Ahmed Ahmed

Excellent answer

 

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