Can I Keep a Zero Balance ICICI Bank Salary Account After Changing Employers?
If you have recently shifted to a new company with a new salary account at HDFC Bank and are wondering if you can maintain your zero balance ICICI Bank salary account, the good news is that you can.
Understanding Zero Balance Salary Accounts
Salary accounts, particularly from banks like ICICI, do not usually require a minimum balance as long as your employer continues to credit your salary to your account. This allows you to keep your account as a zero balance account without any issues. However, if your salary is no longer credited to your ICICI account, it's important to check with the bank for any specific terms and conditions that may apply. These conditions can vary from bank to bank.
Continuing to Use Your ICICI Account for Personal Transactions
If you wish to continue using your ICICI salary account for personal transactions, it might be wise to ensure that your account terms do not change. Monitoring the account for any changes in terms and conditions, as well as confirming whether there are any fees or charges if your salary is no longer credited, is a prudent step. By keeping a small balance or making regular deposits, you can avoid being charged.
Real-life Examples of Maintaining Zero Balance Accounts
Several users have reported success in continuing to use their ICICI salary accounts as zero balance accounts even after changing employers and opening new accounts with other banks like HDFC.
Example 1: One user has had an ICICI salary account since 2014, which has remained a zero balance account for the past seven years. Despite checking with customer care, there was no indication of when the account might no longer be zero balance, nor was there any mention of any charges. This suggests that the bank might be willing to accommodate such situations, provided the account is still active and not flagged for closure due to inactivity.
Example 2: Another user shared their experience of keeping their ICICI salary account as a zero balance account for many years, even after changing companies multiple times. They noted that they regularly send small amounts to the account and use it for personal expenses. The account has not been converted to a standard savings account, and they continue to enjoy the perks of a salary account.
Example 3: This user mentioned that they have an ICICI salary account that is still active and maintained as a zero balance account even after rejoining the company with an ICICI salary account after five years. They confirmed that no charges are levied for maintaining a zero balance account, and the bank does not convert the account to a normal savings account.
While these experiences are promising, it's important to note that the specific terms and conditions can vary. HDFC Bank, for example, switches accounts to normal savings accounts after a few months of no salary credits. This highlights the importance of checking with your bank for their specific policies.
Conclusion
In conclusion, if you have successfully maintained your ICICI salary account as a zero balance account even after changing employers and opening a new salary account with HDFC, you should be able to continue doing so. Regular monitoring and small deposits can help you avoid any potential issues. However, it's always a good idea to check with your bank regarding any specific terms and conditions to ensure a smooth experience.