SBI Salary Package Account: Benefits And Types

BusinessSBI Salary Package Account: Benefits And Types


Business Desk – Salaried individuals are always looking for the best account options in the bank. To cover the need of salaried individuals, SBI offers a Salary Package account aimed to establish long-term relationships and gives benefits in several ways. This account is the best way to manage finances more conveniently.

However, it should be noted that the benefits of the SBI Salary Package account can vary based on the package. If you want to open a Salary Package account – Visit the SBI website or contact the bank. They will give you the current information on the account offerings.

What is a SBI Salary Package Account?

It is a special savings account offered to salaried customers. It offers unique benefits and provides seamless access to Net Banking.

Benefits of a Salary Package Account

Zero Balance Account
No Monthly Average Balance Charges
Auto Sweep Facility
Free Debit Card
Unlimited Number Of Transactions
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 Loans and More.

Types of Salary Account Packages

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)

Note, you can convert existing SBI savings accounts to a Salary Package account on submission of the application, employment proof, and salary slip/service certificate.

(Image / Pixabay)

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