Salary Package account is a special Savings Account offered to salaried customers which provide unique benefits and services, as well as seamless access to the most advanced and secure Net Banking and Mobile Banking services.

Each Salary Package account offers unique benefits and services to the customers. Here are a few benefits available on our Salary Package Account:

• Zero Balance Account
• No Monthly Average Balance charges
• Auto Sweep Facility (Optional)
• Free Debit Card with exclusive benefits
• Unlimited number of transactions across SBI / Other Banks’ ATMs in India
• Waiver of issuance charges on Demand Draft
• Waiver of issuance charges of Multi City Cheques up to 25 cheque leaves per month
• Waiver of online RTGS / NEFT Charges
• Complimentary Personal/ Air Accidental Insurance cover
• Competitive Interest Rates on Personal Loans, Car Loans and Home Loans.
• Overdraft facility as per eligibility
• Concession on annual locker rental Charges as per eligibility
• Wealth Relationship as per eligibility

SBI offers an entire range of Salary Account Packages crafted to suit the needs of varied sectors as under:

• Central Government Salary Package (CGSP)
• State Government Salary Package (SGSP)
• Railway Salary Package (RSP)
• Defence Salary Package (DSP)
• Central Armed Police Salary Package (CAPSP)
• Police Salary Package (PSP)
• Indian Coast Guard Salary Package (ICGSP)
• Corporate Salary Package (CSP)
• Start-up Salary Package Account (SUSP)

A salaried person can approach SBI in any of the following ways:

• May open Salary Package Account on YONO Application through Video – Customer Identification Process without physical visit at Branch.

Walk to the nearest SBI Branch.

The following documents are needed:

• Passport size photograph
• Copy of PAN Card
• Proof of Identity and Address (Officially Valid Documents) as prescribed by RBI
• Proof of Employment / Service Certificate
• Latest Salary slip

Joint Accounts: For joint accounts, the Proof of Identity & Proof of Address (Officially Valid Documents) are required for both the applicant as well as the joint applicant(s).

Yes. Existing saving account with SBI can also be converted to Salary Package account on submission of application, Employment proof, Salary Slip / Service Certificate.

Our Core Banking facility allows you to continue with the same account at all our Branches. However for transfer of an account, you need to submit an application/ request letter to your home branch or get your Account transferred through Internet Banking / YONO.

In case, monthly salary is not credited into the account for more than 3 consecutive months, the special features offered under Salary Package will stand withdrawn and the account shall be treated as Normal Savings Account without information and all charges shall be levied and applied as applicable to normal savings accounts.

This is a facility to transfer your money to MoD (Fixed deposit account) from Savings account to earn higher interest once your balance in the SB account reaches the threshold balance of Rs. 35000/-. If the balance in the account is not sufficient to honour a cheque/ ATM withdrawal, the system automatically pre closes the fixed deposit/ or part of it and credits the same to your SB account.

The features and benefits of the overdraft facility in Salary Package Account (for Gold and above variants) are:

• As per limit set for each variants, maximum up to 2 times Net Monthly Salary *
• No processing fees
• Repayable in 6 months
• Freedom to use limit through Cheque book, ATM, online transfer, etc.
• Interest payable only on the utilized amount. Monthly Salary and other Credits in the account help save interest.

*Terms & Conditions Apply. Overdraft facility at the sole discretion of SBI.

Gold (except SUSP and contractual) and above variant Salary Package accounts with minimum 6 months of residual service and your salary account with us has regular salary credits.

No

Minimum 6 consecutive salary credits are required.

Overdraft facility through Internet Banking is being offered only to pre-selected Gold and above variant of Salary Package Customers.

Maximum up to 50% concession on annual locker rental as per eligibility of variant of Salary Package

A Salary Package customer gets Drafts issued without issuance charges. There is no limit on number and amount of drafts per month.

A Salary Package customer gets unlimited number of free ATM transactions at SBG ATMs per month within India.

A Salary Package customer can avail unlimited free number of ATM transactions at other Banks’ ATMs per month within India.

Free to all Salary Package customers through digital channel

Yes. Parent / spouse may be issued free of cost Debit Card as joint account holder under Salary Package.

National Pension System (NPS) facility is available for all Salary Package customers. Remittance can be made by deposit of cash at any SBI branch or by transfer through Internet Banking. For more details, please contact your branch.

Public Provident fund (PPF) is available for all Salary Package customers. Remittance can be made by deposit of cash at any SBI branch or by transfer through Internet Banking. For more details, please contact your branch.

Salary Package Customers of SBI can open their family member Savings Bank accounts with differentiated features from Regular Savings Bank Account under “SBI Rishtey”.

Gold and above variants Salary Package Customers can open family savings accounts for his/her Parents, Spouse, Children and Siblings. Maximum four individual account can be linked as family savings account.

Following benefits are available under Family Savings accounts “SBI Rishtey”

• a) Minimum Balance requirement waived
• b) No issuance charge for Debit card
• c) Demand Draft issuance charges waived
• d) Auto sweep facility available

Yes. On production of proof of net increase in salary per month/ elevation in rank, which makes him/her eligible for higher variant of the account, the branch will upgrade the account to the eligible variant e.g. from Gold to Diamond or Diamond to Platinum or Platinum to Rhodium etc.

Complimentary Personal Accident Insurance (PAI) and Air Accident Insurance (AAI) cover is provided to our Salary Package Account holders. Maximum coverage amount depends upon the type & variant of the Salary Package account.

Microsite is a customised web page, where benefits associated to particular Corporates / Organisation / Institution is available. This may be accessed through Internet. Link for various services including loans are available through Microsite.

DSP account is offered to serving personnel of Indian Army, Indian Air Force, Indian Navy, Assam Rifles, Rashtriya Rifles, Special Frontier Force, General Reserve Engineer Force (GREF) and Border Roads Organization.

DSP-Pension account is offered to Pensioners of Indian Army, Indian Air Force, Indian Navy, Assam Rifles, Rashtriya Rifles, Special Frontier Force, General Reserve Engineer Force (GREF) and Border Roads Organization.

Agniveers of Indian Army, Indian Navy and Indian Air Force are eligible for opening account under Defence Salary Package – Agniveer.

CAPSP account is offered to serving personnel / Pensioners of Central Armed Police Forces viz., Border Security Force (BSF), Central Industrial Security Force (CISF), Central Reserve Police Force (CRPF), Indo Tibetan Border Police (ITBP), National Security Guard (NSG) and Sashastra Seema Bal (SSB). Personnel of Railway Protection Force (RPF)/ Railway Protection Special Force (RPSF), Intelligence Bureau, Special Force under Cabinet Secretariat.

ICGSP account is offered to personnel of the Indian Coast Guard, who have their Salary/Pension accounts with SBI.

Four variants, namely Agniveer, Gold, Diamond and Platinum are available, depending on the rank of the Serving Personnel / rank at the time of retirement of Pensioners. In case of Intelligence Bureau and Special Force under Cabinet Secretariat employees’ net monthly salary credit is the criteria for classification of variants. These variants have different facilities on offer.

Three variants, namely Gold, Diamond and Platinum are available, depending on the rank of the Serving Personnel / rank at the time of retirement of Pensioners. In case of Intelligence Bureau and Special Force under Cabinet Secretariat employees’ net monthly salary credit is the criteria for classification of variants. These variants have different facilities on offer.

Gold: Up to JCO ranks in Army or equivalent in other Forces Diamond: From Lieutenant to Major rank in Army and equivalent in other Forces Platinum: From Lt Colonel and above in Army and equivalent in other Forces

Gold : Net monthly Salary credit from Rs. 25,001 to Rs. 50,000 Dimond : Net monthly Salary credit from Rs. 50,001 to Rs. 1,00,000 Platinum : Net monthly Salary credit above Rs. 1,00,000

Gold : Up to JCO ranks at the time of retirement in Army or equivalent in other Forces Diamond : From Lieutenant to Major rank at the time of retirement in Army and equivalent in other Forces Platinum : From Lt Colonel and above at the time of retirement in Army and equivalent in other Forces

Gold : Net monthly Pension credit from Rs. 25,001 to Rs. 50,000 Dimond : Net monthly Pension credit from Rs. 50,001 to Rs. 1,00,000 Platinum : Net monthly Pension credit above Rs. 1,00,000

Rs. 50 lakh (Terms and Conditions apply)

Maximum up to Rs. 50 lakh (Terms and Conditions apply)

Rs. 1 Crore (Terms and Conditions apply)

Yes. Personal Accidental (Death) Insurance {PAI} is available for pensioners of DSP, CAPSP and ICGSP w.e.f. 04.01.2022 and at present this is Rs. 30 lakh (Terms and conditions apply)

No

No

Debit Cards are issued free of cost to all Salary Package customers and annual maintenance charges are also waived. Issuance of Debit Card depends upon the variant of the Salary Account as under:

• Diamond / Platinum : International Platinum Debit Card with withdrawal limit of Rs. 1 lakh (or equivalent in foreign currency) per day
• Gold : International Gold Debit Card with withdrawal limit of Rs. 50,000/- (or equivalent in foreign currency) per day

Family Pensioners of Defence, Central Armed Police Force (including Intelligence Bureau & Special Force under Cabinet Secretariat) and Indian Coast Guards are eligible for Shaurya Family Pension Account.

No. There is no Insurance available under Shaurya Family Pension Account.

Following benefits are available :-

• Zero Balance Account
• No Monthly Average Balance charges
• Auto Sweep Facility (Optional)
• Free Debit Card with exclusive benefits
• Unlimited number of transactions across SBI / Other Banks’ ATMs in India
• Waiver of issuance charges on Demand Draft
• Waiver of issuance charges of Multi City Cheques up to 25 cheque leaves per month
• Waiver of online RTGS / NEFT Charges
• Competitive Interest Rates on Pension Loans
• 10% Concession on annual locker rental Charges

All serving DSP and ICGSP customers are eligible for Shaurya Education Loan.

Collateral security is not required for loans up to Rs. 40 lakh.

CGSP account is offered to employees of Ministries and Departments of Central Government including Defence civilians, employees of Reserve Bank of India (RBI), National Bank for Rural and Agricultural Development (NABARD) and Autonomous Bodies/ Academies/ Councils listed in GOI Directory (https://goidirectory.nic.in) and CAG of India website (http://www.saiinida.gov.in).

SGSP account is offered to regular employees of State Government and Union Territories and Boards in States and Union Territories etc.

RSP account is offered to employees of Indian Railways, Kolkata Metro, Konkan Railway Corporation, Bangalore Metro Rail Corporation Ltd, Mumbai Metro, Delhi Metro Rail Corporation Limited, Lucknow Metro, Dedicated Freight Corridor Corporation of India and other forthcoming Metro Rail Corporation.

PSP account is offered to Police personnel of Central Police Organisations, State Governments and Union Territories, and employees/ Jawans of Home Guards.

SUSP account offered by the bank to Employees / Promoter/ Founders / Co-founders of start Ups, registered with Department of Promotion of Industry and Internal Trade (DPIIT).

Four variants, namely Silver, Gold, Diamond and Platinum are available, depending on the level of the employee's net monthly salary. These variants have different facilities on offer.

• Silver : Net monthly Salary credit from Rs. 10,000 to Rs. 25,000
• Gold : Net monthly Salary credit from Rs. 25,001 to Rs. 50,000
• Dimond : Net monthly Salary credit from Rs. 50,001 to Rs. 1,00,000
• Platinum : Net monthly Salary credit above Rs. 1,00,000

- Salary Accounts of IAS, IFS, Group A & Group B trainees, selected through Union Public Service Commission (UPSC) examination, are eligible in Platinum variant under CGSP from induction level itself.

- Salary Accounts of IPS officers, selected through Union Public Service Commission (UPSC) examination, are eligible in Platinum variant under PSP from induction level itself.

Identifier code is 10 digit identification code to identify name of Department applicable in case of CGSP, SGSP, PSP and CAPSP.

• Silver : Net monthly Salary credit from Rs. 10,000 to Rs. 25,000
• Gold : Net monthly Salary credit from Rs. 25,001 to Rs. 50,000
• Dimond : Net monthly Salary credit from Rs. 50,001 to Rs. 1,00,000
• Platinum : Net monthly Salary credit above Rs. 1,00,000

• Silver : Rs. 1 lakh
• Gold : Rs. 5 lakh
• Diamond : Rs. 15 lakh
• Platinum : Rs. 20 lakh (Terms and conditions apply)

• Silver : Nil
• Gold : Rs. 5 lakh
• Diamond : Rs. 20 lakh
• Platinum : Rs. 30 lakh (Terms and conditions apply)

Debit Cards are issued free of cost to all Salary Package customers and annual maintenance charges are also waived. Issuance of Debit Card depends upon the variant of the Salary Account as under:

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

No

CSP account is offered to regular employees of Private/ Public Sector Corporates, Public Sector Undertakings, Private Institutions, Promoter/ Founders etc. and on rolls Contractual Employees of the Bank as well as Private/ Public/ Govt. Sector Corporates/ Institutions/ Departments.

Six variants, namely CSP-Lite, Silver, Gold, Diamond, Platinum and Rhodium are available, depending on the level of the employee's net monthly salary. These variants have different facilities on offer.

• CSP – Lite : Net monthly Salary credit from Rs. 5,000 to Rs. 9,999
• Silver : Net monthly Salary credit from Rs. 10,000 to Rs. 25,000
• Gold : Net monthly Salary credit from Rs. 25,001 to Rs. 50,000
• Dimond : Net monthly Salary credit from Rs. 50,001 to Rs. 1,00,000
• Platinum : Net monthly Salary credit from Rs. 1,00,001 to Rs. 2,00,000
• Rhodium : Net monthly Salary credit above Rs. 2,00,000

Debit Cards are issued free of cost to all Salary Package customers and annual maintenance charges are also waived. Issuance of Debit Card depends upon the variant of the Salary Account as under:

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

No

• Silver : Rs. 1 lakh Gold : Rs. 10 lakh
• Diamond : Rs. 20 lakh
• Platinum : Rs. 30 lakh
• Rhodium : Rs. 40 lakh (Terms and conditions apply)

• Silver : Nil Gold : Rs. 10 lakh
• Diamond : Rs. 30 lakh
• Platinum : Rs. 60 lakh
• Rhodium : Rs. 1 Crore

(Terms and conditions apply)

Employer code is CIF number of employee’s Company. In case Employee’s Company is not having any connection with SBI, then PAN number of Employer will be treated as Employer code.

You may continue to draw your salary through same Salary Package Account even in the case of change of employer. You need to intimate your employer about your existing Bank details, so that the monthly salary credits are routed through the same account. You also need to intimate your Bank branch for the required change in employer mapping with the Bank.

Reimbursement Current Accounts are offered to Employees maintaining Salary Account under Corporate Salary Package (CSP)/ Start Up Salary Package (SUSP) to get credit of various reimbursements other than salary paid by Employer. The account is a Current Account with Zero Balance feature and no annual maintenance charges.