A salary account, as the name suggests, is a type of bank account designed for employees who receive a monthly salary. Bank of India offers four different types of salary accounts for employees working in the government sector, private sector, paramilitary and more. Read on to know more.
Bank of India Salary Interest Rates 2025
|
BOI Savings Account Balance |
Rate of Interest* |
| Up to Rs. 1 lakh | 2.90% p.a. |
| Above Rs. 1 lakh | 2.90% p.a. |
*w.e.f. 1st October 2020
Bank of India Salary Account - Types
There are 4 variants of Bank of India salary account, viz.:
| Account/Scheme Name |
|
BOI Salary Account Features and Benefits
1. BOI Salary Plus Account Scheme
There are three types of salary accounts under this scheme for employees in different sectors. These are:
- For paramilitary forces
| Particulars | Features |
| Minimum Balance Requirement | Zero Balance Savings Account |
| Debit Card | Free Platinum Debit Card |
| ATM Withdrawal Limit / POS Limit | Rs. 50,000 / Rs. 1 lakh |
| RTGS / NEFT Charges | Free |
| Eligibility Criteria | All employees on regular payroll of Para Military forces (Minimum take-home salary Rs 10,000/- p.m.) |
- For government sector employees
| Particulars | Features |
| Minimum Balance Requirement | Zero Balance Savings Account |
| Debit Card | Free Platinum Debit Card |
| ATM Withdrawal Limit / POS Limit | Rs. 50,000 / Rs. 1 lakh |
| RTGS / NEFT Charges | Free |
| Eligibility Criteria | Employees of Central and State Government/ Universities/ Colleges/PSU (Minimum Take home salary of Rs. 10,000) |
- For private-sector employees
| Particulars | Features |
| Minimum Balance Requirement | Zero Balance Savings Account |
| Debit Card | Free Global Debit Cum ATM Card |
| ATM Withdrawal Limit / POS Limit | Rs. 50,000 / Rs. 1 lakh |
| RTGS / NEFT Charges | Free |
| Eligibility Criteria | Private Sector Employees (Minimum take-home salary of Rs. 10,000) |
2. BOI Saral Salary Account Scheme
| Particulars | Features |
| Minimum Balance Requirement | Zero Balance Savings Account |
| Personal Accident Death Insurance | Free (Cover – Rs. 1 lakh) |
| Credit Card |
|
| Internet Banking / Mobile Banking | Free |
| Eligibility Criteria | All employees on regular payroll of any institute (Central Govt. / State Govt. / PSU / Private sector etc.) |
3. Jai Jawan Salary Plus Account For Defence Personnel
| Particulars | Features |
| Minimum Balance Requirement | Zero Balance Savings Account |
| Debit Card | Free Platinum Debit Cum ATM Card |
| ATM Withdrawal Limit / POS Limit | Rs. 50,000 / Rs. 1 lakh |
| RTGS / NEFT Charges | Free |
| Eligibility Criteria | All permanent employees of Defence Forces |
4. Bank of India Star Gurukul SB Account
| Particulars | Features |
| Minimum Balance Requirement | Zero Balance Savings Account |
| Credit Card | Free Gold Credit Card (Salary > Rs. 10,000 for last 6 months)
Free Gold International Card (Salary = Rs. 25,000 & above for last 6 months) |
| Group Personal Accident Death Insurance Cover | Rs. 5 lakh |
| RTGS / NEFT Charges | Free |
| Eligibility Criteria | All Teaching and Non-Teaching staff of school/colleges/universities and all such educational institutes |
Documents required for opening a salary account in Bank of India
To open a salary account in the Bank of India, the following documents must be produced:
- ID Proof
- Residence Proof
- Passport-sized photographs(s)
- Account opening form (provided at the bank or online)
Click here for more details on documentation, KYC and opening of Bank of India salary account. 
Frequently Asked Questions (FAQs)
What is the difference between a savings account and a salary account?
A salary account is basically a type of savings account. While you need to be an employee in the public sector, private sector or a government employee to open a salary account, a savings account can be opened by salaried as well as non-salaried persons likewise.
The basic purpose of a salary account is to credit salary and thus a salary account is also a zero balance account. Please note that the interest rates of a salary account are the same as that of a savings account unless stated otherwise by the provider.
Is it necessary to open a salary account if I already have a savings account?
No, it’s not mandatory. You can get your salary credited to your savings account as well. However, it may vary as per the terms laid out by your employer.
What is the minimum balance required to keep in a BOI salary account?
There is no requirement to maintain a minimum balance in any of the salary accounts extended by the Bank of India.