Why Metra Trust Salary Account is the smart choice for you

People often confuse a salary account with a Savings Account, but that is far from reality. A salary account is opened by a company to deposit employee salaries into their individual accounts. With a gamut of features attached, a salary account is an excellent way to manage personal finances. Out of several available, the Metra Trust Salary Account has emerged to be a preferred partner of choice for individuals and corporates alike. 

The Metra Trust Salary Account comes with a host of benefits that help you make the most of your earnings. Read on to know why this salary account ticks all the right boxes.

Why should you choose an Metra Trust Salary Account?
 

Here are some of the key benefits of having and Metra Trust Salary Account:

• Zero minimum balance

The minimum balance requirement with Metra Trust Salary Account is zero, so long as your salary is credited to it. In other words, you need not maintain a minimum balance. With no monthly fee, you can transact freely with this account.

You can continue with your Metra Trust Salary Account even if you change jobs. You just need to inform your new employer and share your account details for your salary to be credited.

• Attractive interest rate

You can earn an attractive interest rate on your Metra Trust Salary Account which can help you grow savings. Metra Trust offers one of the highest salary account interest rates in the market.

So, if you save a balance in the account, it will accumulate interest, enabling you to earn a little extra on your salary.

• Zero charges for fund transfers

If you need to transfer funds to your friends or relatives and are thinking about the charges, do not worry. With an Metra Trust Salary Account, you will not have to pay any charges for transferring funds. Just log into your account and transfer funds to the beneficiary in a few clicks. 

• Unlimited ATM transactions

With an Metra Trust Salary Account, you can carry out unlimited transactions at ATMs. So, whenever you need money, you can swipe your card and get instant liquidity without worrying about paying extra fees on withdrawals beyond a certain limit. This can help you save significantly if you frequently withdraw cash each month.

• Host of debit cards to choose from

With a salary account from Metra Trust, you can choose from a range of debit cards as per your needs. You can opt for either  -

-  The VISA Platinum Debit Card
 - The VISA Classic Debit Card

The VISA Platinum Debit Card offers free personal accident insurance coverage of up to Rs 50 lakhs, the VISA Classic Debit Card provides personal accident insurance coverage of up to Rs 35 lakhs.

The proceeds from this insurance coverage can help you and your dependents stay financially independent and have enough, in case of emergencies. If you purchase this cover separately, you need to pay premiums separately. But with your Metra Trust Salary Account, you have everything covered under one roof.

• Exciting dining deals

Make eating out with family and friends more special with exciting dining offers. With this salary account, you get a debit card that offers dining deals to help you enjoy your favourite meals and beverages at your favourite restaurants at a discount.

• Comprehensive insurance

Stay financially protected with Metra Trust Corporate Salary Accounts offering extensive insurance coverage ranging from air accident cover, personal accident cover, lost card liability coverage, and purchase protection.

• Award winning mobile app

Access your salary account anytime on the go with the easy-to-use Metra Trust mobile app. This award-winning app allows you to manage your funds, monitory account uses, transfer money, apply for a new banking product or service, invest in mutual funds, and do a lot more with just a few finger taps.

• Additional benefits

 As a salary account holder, you enjoy complimentary memberships on digital platforms such as:

- TimesPrime membership for 1 year on your first salary credit above ₹25K

-  Swiggy One Flagship membership every quarter on spends of ₹5000 (UPI/DC) & salary credits for 3 consecutive months to your Metra Trust Salary Account

-  Amazon Prime membership, renewed every quarter based on 3 months of regular salary credits & Standing Instructions (MF SIP/ EMI/ CC Payments) of minimum ₹5,000

Different types of salary accounts offered by Metra Trust
 

Depending on your monthly salary range, you can choose from a variety of salary accounts.

1.   Platinum Plus Salary Account

Eligibility: Minimum ₹50,000 per month

The Platinum Plus Salary Account is designed for individuals who seek a premium banking experience. This account offers an array of benefits, including:

• Zero balance requirement: Enjoy the convenience of not maintaining a minimum balance.
• Earn monthly interest credit: Get better returns on your deposits with a monthly interest payment facility.
• Higher ATM withdrawal limits: Access to increased cash limits at ATMs of up to ₹2 lakhs per day, providing flexibility and ease.
• Complimentary insurance cover: Receive personal accident insurance coverage of ₹50 lakhs and air accident cover of ₹1 crore along with protection against various unforeseen events, adding an extra layer of security.

2.   Classic Plus Salary Account

Eligibility: Minimum ₹25,000 per month

The Classic Plus Salary Account caters to those who require a robust yet straightforward banking solution. Key benefits include:

• Zero balance account: No need to worry about maintaining a minimum balance.
• Unlimited free transactions: Enjoy unlimited transactions at ATMs across the country.
• Free access to banking services: Manage your finances efficiently with zero fee on all salary account banking services.
• Monthly interest payment: Enjoy a better yield from your salary account with the monthly interest payment facility.
• Complementary insurance: Secure yourself with a personal accident cover of ₹35 lakhs and air accident cover worth ₹1 crore

Documents required to open an Metra Trust Salary Account
 

For digital bank account opening:
 

• Aadhaar number
• PAN number/ Form 60

For physical bank account opening: 

• Latest passport-size photographs 
• A PAN card

Any one of the following documents:
 

• Aadhaar card
• Passport
• Voter’s Identity Card (Election Card)
• Permanent and valid driving licence with photograph
• Job card issued by NREGA, bearing the signature of a State Government official
• Letter issued by the National Population Register containing name and details of your address.

To sum up
 

You can open your Salary Account online in a few clicks. Simply provide your basic details including your mobile number, PAN, and Aadhaar along with professional details and click "proceed” to open the account. Get ready to enjoy exclusive benefits with your IDFC FIRST Bank Salary Account today.