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  • News From Press DYK? You must inform bank if you continue your salary account with a new employer

    DYK? You must inform bank if you continue your salary account with a new employer

    Source: Livemint Sep 2, 2016

    Changing jobs can be a difficult task. Not only does it involve a lot of paperwork before or on the date of joining, many documents also have to be submitted to the new employer. Apart from this, opening a salary account is another important task.

    However, if you plan to continue the same salary account with the new employer (assuming they have the same bank), do not think your work is done by just handing over your account details to your new workplace. The bank, too, has to update the new employer’s information in its records. How this is done may differ across banks.

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