This is very silly question I know , but there is a big debate happening between my colleagues.
Say A is having Salary account with Bank AAA who is working in company ABC. Now A resign the jobs and joins another company XXX. He can transfer the salary account to new employer and continue enjoy the benefits of salary account. Hope this is right?
Now Say B is having Salary account with Bank AAA who is working in same company ABC. Now B quits his job permanently. After 3 months , salary account will be converted into saving account.Right?
But B is saying that he will ask his friend C to send him monthly some money say Rs.10000 every month and after some days C will return the money back to him. In this way he is saying he can continue the Salary account.
So is this true that if we(not employer) send money to salary account every month, it will not be converted to Savings account?