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SBI Salary Account: All You Need To Know About SBI Benefits, Charges Online

SBI Salary Account

A wide range of salary accounts with different benefits were offered to the customers. State Bank of India gives a special bank account to employed people, which is called a SBI Salary Account. This account is different from all other regular bank account because this account has many benefits. But very few people know about these benefits. Because the banks do not often tell about the benefits available on salary account. You can know about SBI Salary Account Benefits, Charges and how to apply online for it.

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Let us tell you that employees of corporate, hospital, hotel etc. get many benefits on SBI salary account. After the salary account is opened, you will be given an account number. Through corporate internet banking, the employer will be credited to the salary account. Employees can open their salary account in any branch of the country. The salary package account is a special savings account offered to salaried customers, which provides specific benefits and services, as well as easy access to the most advanced and secure net banking and mobile banking services.

SBI Salary Account

Types of SBI Salary Account

State Bank of India offer special pay account packages for various sectors such as Central Government, State Government, Defense Force, Para-military Forces, Police Forces, Corporates / Institutions etc. There are 8 types of sbi salary account offered to candidates:

Corporate Salary Package:

Various types of facilities are offered to employees of corporate institutions including service institutions such as hospitals, hotels, transport corporations, etc. in salary accounts. The package can be adapted based on the business relationship between the corporate / institution and the bank. Eligibility for different types of packages is based on net monthly income.

  • PLATINM: More Than Rs.1,00,000/-
  • DAYMOND: Above Rs 50,000/- and up to Rs 1,00,000/-
  • GOLD: Above Rs 25,000/- and up to Rs 50,000/-
  • SILVER: Between Rs 10,000/- and up to Rs 25,000/-

Press Here For: Corporate/ Institutions

Central Government Salary Package:

Employees of various central government ministries and departments, RBI and NABARD can open salary accounts under the Central Government Salary Package (CGSP). Eligibility for different types of packages will be according to net monthly income.

  • PLATINM: More Than Rs.1,00,000/-
  • DAYMOND: Above Rs 50,000/- and up to Rs 1,00,000/-
  • GOLD: Above Rs 25,000/- and up to Rs 50,000/-
  • SILVER: Between Rs 10,000/- and up to Rs 25,000/-

Press Here For: Central Government

State Government Salary Package:

Employees of State Government and Union Territories and permanent employees from Corporation / Board etc. located in States and Union Territories including teachers / professors of aided schools, colleges, universities etc. Salary under State Government Salary Package (SGSP) Accounts can be opened. Eligibility for different types of packages is according to net monthly income.

  • PLATINM: More Than Rs.1,00,000/-
  • DAYMOND: Above Rs 50,000/- and up to Rs 1,00,000/-
  • GOLD: Above Rs 25,000/- and up to Rs 50,000/-
  • SILVER: Between Rs 10,000/- and up to Rs 25,000/-

Press Here For: State Government

Railway Salary Package

Employees of Indian Railways, Kolkata Metro, Konkan Railway Corporation, Mumbai Metro, Delhi Metro Rail Corporation Limited and Bengbang Metro Rail Corporation can open pay accounts under Railway Salary Package (RSP). Eligibility for different types of packages is according to the net monthly salary.

  • PLATINM: More Than Rs.1,00,000/-
  • DAYMOND: Above Rs 50,000/- and up to Rs 1,00,000/-
  • GOLD: Above Rs 25,000/- and up to Rs 50,000/-
  • SILVER: Between Rs 10,000/- and up to Rs 25,000/-

Press Here For: Indian Rail

Army Pay Package

Army, Navy, Air Force, Assam Rifles, Rashtriya Rifles (RR) and GREF (Border Roads Organization (BRO)) military personnel can open pay accounts under the Army Defense Package (DSP). Available in three variants viz. Gold, Diamond and Platinum depending on the rank of employees of Army, Navy, Air Force, Assam Rifles, RR and GREF (Border Road Organization). PBOR is classified into Gold type, Officers are classified into Diamond and Platinum type.

DSP – Army

  • GOLD : JCO And Other Ranks
  • DIAMOND : Lieutenant, Captain, Major
  • PLATINUM : LT. Colonel And Colonel, Brigadier, Major General, Lie. General

DSP – Navy

  • GOLD : C II, C I, Leading Seaman, Petty Officer, Chief Petty Officer, Master Chief Petty Officer – II And Master Chief Petty Officer – I
  • DIAMOND : Sub Lieutenant, Lieutenant And Lieutenant Commander
  • PLATINUM : Commander, Captain, Commodore, Rear Admiral, Vice Admiral And Admiral

* DSP accounts of sailors joining the Navy before adulthood will be opened without overdraft facility and without personal accident insurance / air accident insurance cover.

DSP – Air Force

  • GOLD : Employees Below Officer Rank
  • DIAMOND : Flying Officer, Flight Lieutenant, Squadron Leader
  • PLATINUM : Wing Commander, Group Captain, Air Commodore, Air Vice Marshal, Air Marshal, Air Chief Marshal

DSP – General Reserve Engineering Force (GREF) / Border Road Organization (BRO)

  • GOLD : Employees Below Officer Rank
  • DIAMOND : Assistant Engineer / Assistant Administrative Officer, Assistant Executive Engineer / Administrative Officer / Medical Officer II, Executive Engineer / Senior Administrative Officer / Medical Officer I.
  • PLATINUM : Superintendent Engineer / Joint Director (Administration), Superintendent Engineer (Selection Grade) / Director (Administration), Chief Engineer, Additional Director General, Director General

DSP – Assam Rifles

  • GOLD : Baglers, Rifle Man And Mule Drivers, Lance Naik, Nalband, Havildar, Warrant Officer, Havildar Major, Naib Subedar, Subedar, Subedar Major
  • DIAMOND : Deputy Commandant, Assistant Commandant (Lieutenant In The Army And Equivalent To Capton )
  • PLATINUM : Commandant, Second-In-Command (Equivalent To Major, Lieutenant Colonel And Colonel In The Army), Personnel Of This Level Are Deputed From The Army And Will Be Offered Dsp Army.

DSP – Rashtriya Rifles

In rashtriya rifles, military personnel are deputed from the indian army and are therefore covered under the dsp army. The accounts are classified according to rank in the army.

Press Here For: Defence Force

Central Armed Police Salary Package

The following Central Armed Police Forces (CAPF) personnel can avail salary accounts under the Central Armed Police Salary Package. Retired Personnel also have C.A.P.S.P. – Pension account can be opened / changed, they will get all the benefits except insurance, express credit and overdraft.

Central Armed Police includes Central Reserve Police Force (CRPF), Border Security Force (BSF), Central Industrial Security Force (CISF), Sashastra Seema Bal (SSB), Indo Tibetan Border Police (ITBP), National Security Guard (NSG), Railway Protection Force (RPF), Railway Protection Special Force (RPSF). Depending on the rank of the personnel, it is available in three types ie Gold, Diamond and Platinum.

  • GOLD : Subedar Major, Inspector, Sub-Inspector, Assistant Sub-Inspector, Head Constable, Constable Enrold Follower
  • DIAMOND: Deputy Commandant, Assistant Commandant
  • PLATINUM : Commandant, Second-In-Command, Director General, Special Director General, Additional Director General, Inspector General, Deputy Inspector General

For RPF, Variants Will Be Decided According To Equivalent Rank In The Central Armed Police Forces.

Press Here For: Central Armed Police

Police Salary Package

Central Police Organizations (other than Central Armed Police Forces and Railway Protection Force), Civil Police, Armed Police and Reserve Police of all states, Union Territory Police Forces (under the control of Central Government), Government Railway Police (GRP) – (State Part of the police force) can avail salary accounts under the Police Package (PSP). Package variants according to the designation / net monthly income of the personnel

Police

  • SILVER: Rs. 10,000 to Rs.25,000
  • GOLD: Rs.25,001 to Rs.50,000
  • DIAMOND: Rs.50,001 to Rs.1,00,000 and Officers Of SP and Higher Rank.
  • PLATINUM: Above RS 1,00,000 and Officers Of Dig and Higher Rank.

Home Guard

  • SILVER: Stenographer, Clerical Staff, Assistant Grade-2, Driver, Constable, Constable, Peon, Soldier, Orderly, Follower
  • GOLD: Registrar (Accounts Officer), MTI, MTO, Assistant Quarter Master, Office Superintendent, Assistant Superintendent
  • DIAMOND: Junior Staff Officer, District Commandant
  • PLATINUM: DG, IG, Assistant Commandant General, Senior Staff Officer

Press Here For: Police Force

Indian Coast Guard Salary Package

Indian Coast Guard serving with their pay account in SBI can avail salary account under Indian Coast Guard Salary Package (ICGSP). Retired personnel are also involved in ICGSP. – Pension account can be opened / changed, they will get all the benefits except insurance, express credit and overdraft.

The basis of rank of employees are available in three types ie Gold, Diamond and Platinum. Gold is for PBOR and Diamond and Platinum officers.

  • GOLD : Sailor, Best Sailor, Principal Sailor, Officer, Best Officer, Principal Officer, Mechanical, Best Mechanical, Principal Mechanical, Assistant Engineer, Best Assistant Engineer, Principal Assistant Engineer, Enrold Followers
  • DIAMOND : Deputy Commandant, Assistant Commandant
  • PLATINUM : Commandant (JG), Commandant, Director General, Additional Director General, Inspector General, Deputy Inspector General

Press Here For: Coast Guard

SBI Salary Account Benefits For Both Employer And Employee

SBI Salary Account Benefits for Employer

  • Account-free hassle-free process. Upon request, our officers will come to your premises to include your employees in the package. Employees can also choose to open their account online or contact the nearest branch.
  • A convenient way to manage salaries at a large number of available centers through our award-winning Corporate Internet Banking.
  • Facilities reduce paperwork and salary management costs. Take advantage of immediate payment of salary in the account of your employees.
  • Zero charge for disbursement of salary.
  • Connecting your employees with a power-packed salary account credited by India’s largest organizations.

SBI Salary Account Benefits for Employee

  • Zero surplus account and free unlimited at any bank’s ATM.
  • 30 lakhs for all rank personnel. Free Personal Accident Insurance (Death) cover up to.
  • For all rank personnel Rs. Free air accident insurance (death) cover up to 1 crore (Terms and conditions apply)
  • 30 lakhs for all rank personnel. Free Personal Accident (Permanent Complete Disability) cover of.
  • 10 lakhs for all rank personnel. Free Personal Accident (Permanent Partial Disability) cover.
  • Get personal loans, home loans, car loans and education loans at attractive rates.
  • Exemption of 100% processing fee on express credit, car loan and home loan. However, TIR in home loan And in case of evaluation, actual expenditure will be taken.
  • Up to 25% off annual locker rentals.
  • Take advantage of auto-sweep to generate e-MOD (multiple option deposits) and get higher interest.
  • Demat and online trading account facility is available.
  • Free draft, multi city check, SMS alert, NEFT / RTGS.
  • Overdraft of an amount equal to two months net salary (maximum amount determined on the basis of post).
  • Get points on various transactions through our loyalty program SBI Rewards .
  • Various types of regular offers on Debit Card and Yon by Buy SBI.

Documents Required to Open SBI Salary Account

The following documents are required for an individual to open a salary account according to (sbi.co.in).

  • Passport size photograph (2 pieces)
  • Proof of identity and residence as per standard procedure of opening an account
  • Proof of employment
  • Latest pay slip
  • Joint Account: For opening a joint account, identity and residence proof of both the applicant and the joint applicant (s) will be required

Go Through Below Given SBI Related Links:

SBI Admit CardGet Details
SBI Answer KeyGet Details
SBI ResultGet Details

Some FAQ’s Related to SBI Salary Account

Ques1: How to open a salary package account with SBI?

Ans: A salaried person can approach the branch of SBI through the following means:

  • Request a call back to the Salary Account and our sales team will contact you within 5 business days.
  • Visit the nearest SBI branch.

Ques2: I have an existing savings account with SBI. Can it be converted into a salary account?

Ans: Yes. Existing savings account in SBI can be converted into CSP account. In this regard, please contact your branch.

Ques3: As a salary package account holder, can I open a joint account and with whom?

Ans: You can open a joint account with your spouse / parents etc.

Ques4: Can I apply for salary account online?

Ans: Anyone can apply online to open a new salary account. Request a call back to the Salary Account and our sales team will contact you within 5 business days.

Ques5: Can I continue to enjoy salary account benefits even after changing jobs?

Ans: You can continue withdrawing salary from your salary package account even after changing the employer. You have to give your existing bank details to your employer, so that monthly salary deposits are remitted from the same account. You will need to notify the bank branch for changes in employer mapping in the bank.

Ques6: If salary is not deposited in the account, then what will happen to the existing salary package account?

Ans: If the monthly salary is not deposited in the account for 3 consecutive months, then the special facilities given under the salary package will be withdrawn and the account will fall under the category of general savings account under our standard fee structure and all charges applicable to general savings accounts. Will be implemented and effective.

Ques7: How many free drafts are available per month for the salary package customer?

Ans: Salary package customers can take unlimited free drafts.

Ques8: Which debit card is issued to salary package customers?

Ans: Debit cards are issued free of charge to all salary package customers and are also exempted from the annual maintenance fee. Depending on the type of salary account, debit cards are issued as follows:

  • Platinum: Rs. International Platinum Debit Card with daily withdrawal limit of 1 lakh (or equivalent in foreign currency)
  • Diamond: Rs. International Gold Debit Card with daily withdrawal limit of Rs.50,000 / – (or equivalent in foreign currency)
  • Gold: Rs. International Gold Debit Card with daily withdrawal limit of 50,000 (or equivalent in foreign currency)
  • Silver: Rs. Domestic Classic Debit Card with daily withdrawal limit of Rs. 20,000/-

Ques9: Whether National Pension System (NPS) is available for salary package customers?

Ans: National Pension System (NPS) is available for salary package customers. Remittances can be made by depositing cash in any branch of SBI or by transfer through Internet banking. Contact your branch for more information.

Ques10: Is the Public Provident Fund (PPF) available for salary package customers?

Ans: Public Provident Fund (PPF) is available to all salary package customers. Remittances can be made by depositing cash in any branch of SBI or by transfer through Internet banking. Contact your branch for more information.

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