SBI SGSP 2022 - SBI Salary Account SBI State Govt Employees Salary Account Benefits. State Bank of India benefits for State Government Salary Package Accounts. SGSP also known as SALARY ACCOUNTS UNDER STATE GOVERNMENT SALARY PACKAGE (SGSP). Salary Accounts under SGSP a gamut of privileges and other value added services to the employees of State Government, Union Territories and their Boards/Corporations. Salary Accounts under this package are available in four variants, namely Silver, Gold, Diamond and Platinum depending on the designation of the personnel. SBI Salary Account Latest Guidelines.
Benefits to the Employee
The following documents are needed:
SBI SGSP 2022 SBI State Govt Salary Account Benefits Details APPLY NOW
Some Key Benefits of SBI SGSP 2022 SBI Salary Account Benefits
SBI salary account benefits: Here are the five benefits
Package variants available as per designation of personnelSBI salary account benefits: Here are the five benefits
- 50 percent rebate in loan processing fee: A SBI salary account holder is eligible for 50 percent processing fee on any loan like personal loan, home loan, car loan, etc.
- Rebate in locker charges: SBI offers up to 25 percent off on locker charges to its salary account holders.
- Accidental death cover: SBI salary account holders are entitled for up to Rs 20 lakh accidental death cover.
- Overdraft facility: State Bank of India offers overdraft facility to its salary account holders too. The largest commercial bank of India gives up to two month salary under overdraft facility to the SBI salary account holders.
- Air accidental death cover: As per the official SBI website — sbi.co.in, in case of air accidental death, the SBI salary account holder is entitled for Air Accidental Insurance (Death) cover up to Rs 30 lakh.
- SILVER: Gross Monthly Salary from 5000 and up to 20000
- GOLD: Gross Monthly Salary from 20,000 and up to 50,000/-
- DIAMOND: Class 2 Employees i.e., Gazetted Officers, Asst Directors or Employees with Gross Monthly Salary from 50,000 and up to 1,00,000/-
- PLATINUM: Class I Executive Grade 1 Like Commissioners, Collectors and HOD, Directors, PS, Secretary or Employees with Gross Monthly Salary 1,00,000/-
| SGSP State Govt Salary Account Financial Benefits | ||||
| Variants | Silver | Gold | Diamond | Platinum |
| Net Salary(Rs) | 10000-25000 | 25001-50000 | 50001-100000 | >100000 |
| Min. Balance | · NIL | |||
| SMS Facility | Free | |||
| Multi City Cheques (Payable at par at all Branches) |
·Cheque Leaf charges: NIL ·Payment Charges: NIL |
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| RTGS/NEFT | Unlimited Free through Alternate Channels( i.e. Internet Banking, Mobile Banking etc) | |||
| Demand Draft | Unlimited Free, if issued through Salary Account | |||
| Setting up SIs | Free | |||
| Attractive Interest Rates on Retail Loans |
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ATM Card and Over Draft Benefits in SBI SGSP 2022
| A T M cum Debit Card | Free, Domestic Classic Debit Card |
Free, International# Gold Debit Card | Free International# Platinum Debit Card | ||||
| Withdrawal limit per day Max. s.20,000/- per day | Withdrawal limit per day Max. Rs.50,000/- per day | Withdrawal limit per day Max. Rs.1,00,000/- per day | |||||
| Transactions limit per day at POS/ Merchant Establishments Rs. 50,000/- |
Transactions limit per day at POS/ Merchant Establishments Rs. 2,00,000/- | ||||||
| #Issued to those account holders who consent to issuance of
International Debit Card No annual maintenance charges Add on card for spouse free of cost for joint account holder |
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| Transactions at ATMs |
State Bank ATMs : Unlimited Free Other Bank ATMs: Unlimited Free |
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| Charge on Issue of Duplicate Account statement |
Normal Rates | Normal Rates | Waived | Waived | |||
| Easy Overdraft up to 2 Month’s Net salary, subject to min residual service of 6 months |
Maximum limit Rs.40,000/- |
Maximum limit Rs.75,000/- |
Maximum limit Rs.1,50,000/- |
Maximum limit Rs.2,00,000/- |
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| Auto Sweep Facility (Available only on customers request) | Threshold Amount: Rs.35,000/- TDRs/STDRs to be created for a minimum amount of Rs.10,000/- (and in multiples of Rs.1,000) in any one instance |
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| Passbook | Available for all accounts Free updating at Non Home Branches Bar Code will be provided on Account passbooks for printing 24/7 at SBI Kiosks |
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| Internet Banking | Free facility offered from SBI Charges applicable to third party sites like Railways etc. payable |
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| Core Power (a)Transactions at Non home Branches (b)Transfer of funds between SBI branches |
Free | ||||||
| State Bank Rewardz points for online transactions |
1x | 1.25x | 1.5x | 2x | |||
| SBI Foreign Travel Card |
For employees going abroad on official assignment, with facility of multiple loading | ||||||
- Zero balance account and free unlimited transactions across ATMs of any Bank. Also comes bundled with SBI Credit Card.
- Complimentary Personal Accident Insurance (Death) cover up to Rs. 20 Lakhs.
- Complimentary Air Accident Insurance (Death) cover up to Rs. 30 Lakhs.
- Avail of Personal Loans, Home Loans, Car Loans and Education Loans at attractive rates and upto 50% off on processing fees.
- Upto 25% off on locker charges
- Avail of Auto-Sweep to create e-MODs (Multi Option Deposits) and earn higher interest.
- Avail of Demat & Online Trading A/c at the time of on-boarding itself.
- Free issuance of Drafts, Multi City Cheques, SMS Alerts. Free online NEFT/RTGS.
- Overdraft equivalent to 2 Months Net Salary (Currently available for select customers only)
- Earn points on various transactions through our loyalty program State Bank Rewardz.
- Host of regular offers on Debit Cards and State Bank Buddy (e-Wallet)
The following documents are needed:
- Passport size photographs (2 nos.)
- Certificate/letter of identity /address issued by the employer
- In addition to the certificate/letter issued by the employer, at least one of the officially valid documents as provided in the Prevention of Money Laundering Rules (viz. passport, driving licence, PAN Card, Voter's Identity card, etc.) or utility bills for KYC purposes for opening bank accounts of salaried employees.
- Joint Accounts ...For joint accounts the above documents are required for both, the applicant as well as the joint applicant(s).
- For more details contact your nearest branch.
- Write an application to change your account type to respective salary account with proof of your job (e.g. Salary Slip, Service Certificate etc). This process holds true if you are working at Central Government or State Government or PSU.The request for conversion of normal saving Bank account to salary account cannot be submitted by you directly to the branch. Submit it through your DDO.
Letter from SBI Officials showing the Salary Account Benefits
