SBI Salary Account

A range of SBI Salary Accounts are specialized banking solutions offered by the State Bank of India (SBI) for different employees to conveniently receive their salaries. They provide numerous benefits such as zero balance requirement, personalized debit card, free online fund transfers and access to a wide network of ATMs. SBI Salary Account holders can also enjoy additional perks like discounted loan rates, overdraft facilities and insurance coverage. It is designed to cater to the specific needs of salaried individuals, offering convenience, flexibility and a range of banking services tailored to meet their financial requirements.

SBI Corporate Salary Package

SBI Corporate Salary Package is a specialized banking offering by the State Bank of India (SBI) that caters to the financial needs of corporate employees. This comprehensive package provides a range of benefits and features tailored to enhance the banking experience for employees and make their financial journey seamless. With facilities like zero balance salary accounts, easy fund transfers, access to personalized debit cards and preferential loan rates, SBI Corporate Salary Package empowers employees with convenient banking solutions. It is designed to optimize financial management for both employees and employers for convenient banking experience.

Eligibility Criteria

Applicants must be employees of corporate entities that have an established relationship with SBI for salary processing. Additionally, they must have their salary credited to an SBI account and meet the minimum monthly salary requirement set by the bank. By fulfilling these eligibility criteria, individuals can enjoy the perks and conveniences offered by the SBI Corporate Salary Package, making their banking experience seamless and rewarding.

Package Variants of SBI Corporate Salary Package

SBI Corporate Salary Package offers a range of package variants designed to address the diverse needs of corporate employees. With its comprehensive features and benefits, this banking solution provides convenience and value-added services. The package variants are tailored to suit different income levels and requirements, ensuring that employees can access the best banking solutions. Whether it's the Silver, Gold, Diamond, Platinum, or Rhodium variant, each package variant offers unique privileges such as higher ATM withdrawal limits, special loan offers, insurance coverage and preferential interest rates. SBI Corporate Salary Package aims to enhance the banking experience for corporate employees and provide them with a holistic financial solution. There are following 5 variants of SBI Corporate Salary Package:

  1. Silver Variant: The Silver variant of the SBI Corporate Salary Package provides essential banking services and features. It includes a salary account with a host of benefits such as free ATM withdrawals, a personalized checkbook and a convenient debit card for day-to-day transactions. For being eligible for Silver variant, applicant's net monthly salary should be between Rs. 10,000 and Rs. 25,000.
  2. Gold Variant: Moving up the ladder, the Gold variant offers enhanced privileges to account holders. It provides additional features like higher ATM withdrawal limits, a preferential interest rate on loans and access to exclusive offers and discounts on various lifestyle products and services. For being eligible for Gold variant, applicant's net monthly salary should be between Rs. 25,000 and Rs. 50,000.
  3. Diamond Variant: The Diamond variant takes the banking experience a step further, offering a comprehensive suite of services. Account holders enjoy benefits such as a dedicated relationship manager, personalized investment advisory services and preferential foreign exchange rates for international travel and transactions. For being eligible for Diamond variant, applicant's net monthly salary should be between Rs. 50,000 and Rs. 1,00,000.
  4. Platinum Variant: For those seeking even greater benefits, the Platinum variant is an excellent choice. It provides top-tier services such as priority banking, preferential rates on personal loans and home loans, complimentary access to airport lounges and customized wealth management solutions. For being eligible for Platinum variant, applicant's net monthly salary should be between Rs. 1,00,000 and Rs. 2,00,000.
  5. Rhodium Variant: Finally, the Rhodium variant stands as the pinnacle of luxury and exclusivity. Account holders in this elite category receive personalized concierge services, premium credit cards with exclusive perks, complimentary memberships to prestigious clubs and access to invitation-only events. For being eligible for Rhodium variant, applicant's net monthly salary should be above Rs. 2,00,000.

Features and Benefits of SBI Corporate Salary Package for Employers

  • Opening a CSP (Corporate Salary Package) is incredibly convenient as employers are not required to personally visit the bank branch to open salary accounts for their employees. Instead, employers can inform the bank about their requirement and arrange for a bank official to visit and open salary accounts for new employees.
  • Employers can avoid paying expensive administrative costs while making transactions by using the bank's online banking services.
  • Employers can get the benefit of the crediting of their employees' salaries to their salary accounts instantly all without any extra charges.
  • Zero charge for salary disbursement feature is extremely advantageous for employers as it helps them save costs associated with salary disbursement. They do not have to allocate funds for additional expenses related to salary processing such as transaction fees or administrative charges.
  • SBI's corporate internet banking services further simplify the management of multiple employee salary accounts for employers. This efficient system allows employers to handle various tasks related to employee salary accounts quickly and effortlessly. The hassle-free nature of these services ensures that employers can focus on other important aspects of their business operations.
  • Providing your employees with a robust and feature-rich Salary Account is an exceptional choice that instills confidence and reliability. By opting for a Salary Account trusted by the largest organizations in India, you provide your employees with a banking solution that has already earned the trust of renowned companies across the country.

Features and Benefits of SBI Corporate Salary Package for Employees

  • Enjoy the convenience of a zero balance account
  • Get unlimited transactions across ATMs of any Bank in India without incurring any charges.
  • Benefit from a wide range of regular offers on Debit Cards and through the YONO by SBI platform, enhancing your shopping and lifestyle experiences.
  • Enjoy the convenience of free issuance of Drafts, Multi City Cheques and SMS Alerts, facilitating easy transactions and account management.
  • Take advantage of attractive rates on Personal Loans, Home Loans, Car Loans and Education Loans, making financing more affordable.
  • Open a Demat & Online Trading Account right at the time of on-boarding itself, enabling seamless access to investment opportunities.
  • Perform free online NEFT/RTGS transactions, saving on additional transaction costs.
  • Get up to 50% off on annual locker rental fees, ensuring the safety of your valuable possessions at a discounted cost.
  • Opt for Auto-Sweep facility, which automatically creates e-MODs (Multi Option Deposits) and helps you earn higher interest on your savings.
  • Eligible customers may have access to an overdraft facility equivalent to 2 months' net salary, providing financial flexibility (available for select customers).
  • Earn points on various transactions through the loyalty program, SBI Rewardz, unlocking exciting rewards and benefits.

Special Offer

  • Get complimentary Personal Accident Insurance cover of up to Rs. 40 Lakh for added financial security.
  • Get benefit from complimentary Air Accident Insurance cover of up to Rs. 1 crore providing comprehensive coverage.

SBI Central Government Salary Package

SBI Central Government Salary Package is a specialized banking solution designed exclusively for central government employees. This package offers a range of benefits and features to meet the unique financial needs of government employees. With options like Silver, Gold, Diamond and Platinum, employees can choose a variant that suits their requirements. The package includes benefits such as free ATM withdrawals, personalized checkbooks, preferential interest rates on loans, dedicated relationship managers and access to exclusive offers. SBI Central Government Salary Package ensures that government employees have access to convenient and tailored banking services to manage their finances effectively. There are following 4 variants of SBI Central Government Salary Package:

  1. Silver Variant: The Silver variant of the SBI Central Government Salary Package provides essential banking services and features. It includes a salary account with benefits such as free ATM withdrawals, a personalized checkbook and a convenient debit card for day-to-day transactions. For being eligible for Silver variant, applicant's net monthly salary should be between Rs. 10,000 and Rs. 25,000.
  2. Gold Variant: Moving up the ladder, the Gold variant offers enhanced privileges to account holders. It provides additional features like higher ATM withdrawal limits, preferential interest rates on loans and access to exclusive offers and discounts on various lifestyle products and services. For being eligible for Gold variant, applicant's net monthly salary should be between Rs. 25,000 and Rs. 50,000.
  3. Diamond Variant: The Diamond variant takes the banking experience a step further, offering a comprehensive suite of services. Account holders enjoy benefits such as a dedicated relationship manager, personalized investment advisory services and preferential foreign exchange rates for international travel and transactions. For being eligible for Diamond variant, applicant's net monthly salary should be between Rs. 50,000 and Rs. 1,00,000.
  4. Platinum Variant: For those seeking even greater benefits, the Platinum variant is an excellent choice. It provides top-tier services such as priority banking, preferential rates on personal loans and home loans, complimentary access to airport lounges and customized wealth management solutions. For being eligible for Platinum variant, applicant's net monthly salary should be above Rs. 1,00,000.

Eligibility Criteria

Employees of different Ministries & Departments under the Central Government, RBI, Defence Civilians, CGDA and NABARD can open Salary Accounts under Central Government Salary Package.

Features and Benefits of SBI Central Government Salary Package for Employers

  • Employers can open the Central Government Salary Package with utmost convenience, as there is no requirement for personal visits to the bank branch. Instead, employers can simply notify the bank about their need and make arrangements for a bank official to visit and open salary accounts for new employees.
  • By leveraging the bank's online banking facilities employers can avoid excessive administrative charges associated with such transactions. Additionally, employers can enjoy the advantage of instant salary crediting to employee accounts free of cost.
  • The zero charge for salary disbursement feature proves highly advantageous for employers as it helps reduce costs related to salary processing. There is no need to allocate funds for expenses like transaction fees or administrative charges.
  • SBI's corporate internet banking services further streamline the management of multiple employee salary accounts for employers. This efficient system allows for swift and effortless handling of various tasks related to employee salary accounts. Its hassle-free nature enables employers to focus on other crucial aspects of their business operations.
  • Equipping employees with a robust and feature-rich Salary Account is a commendable decision that inspires confidence and trust. Opting for a Salary Account trusted by India's largest organizations ensures that employees have access to a banking solution with an established reputation among renowned companies across the country.

Features and Benefits of SBI Central Government Salary Package for Employees

  • Enjoy the convenience of a zero balance account
  • Get unlimited transactions across ATMs of any Bank in India without incurring any charges.
  • Benefit from a wide range of regular offers on Debit Cards and through the YONO by SBI platform, enhancing your shopping and lifestyle experiences.
  • Enjoy the convenience of free issuance of Drafts, Multi City Cheques and SMS Alerts, facilitating easy transactions and account management.
  • Get up to 50% off on processing fee and take advantage of attractive rates on Personal Loans, Home Loans, Car Loans and Education Loans, making financing more affordable.
  • Open a Demat & Online Trading Account right at the time of on-boarding itself, enabling seamless access to investment opportunities.
  • Perform free online NEFT/RTGS transactions, saving on additional transaction costs.
  • Get up to 25% off on annual locker rental fees, ensuring the safety of your valuable possessions at a discounted cost.
  • Opt for Auto-Sweep facility, which automatically creates e-MODs (Multi Option Deposits) and helps you earn higher interest on your savings.
  • Eligible customers may have access to an overdraft facility equivalent to 2 months' net salary, providing financial flexibility (available for select customers).
  • Earn points on various transactions through the loyalty program, SBI Rewardz, unlocking exciting rewards and benefits.

Special Offer

  • Get complimentary Personal Accident Insurance cover of up to Rs. 20 Lakh for added financial security.
  • Get benefit of complimentary Air Accident Insurance cover of up to Rs. 30 Lakh giving comprehensive coverage.

SBI State Government Salary Package

The SBI State Government Salary Package is designed to cater to the specific banking needs of state government employees. With this package, employees can enjoy a range of benefits and features tailored to their requirements. It offers facilities such as a salary account with low or zero balance requirements, personalized checkbooks and a convenient debit card for seamless transactions. Additionally, account holders can avail themselves of preferential rates on loans, attractive offers and discounts and access to exclusive banking services. The SBI State Government Salary Package ensures that state government employees have a comprehensive banking solution that meets their financial needs effectively.

Eligibility Criteria

Employees of State Govt. and Union Territories and permanent employee of Corporations/Boards, etc. in States in Union Territories, Including Teachers/Professors of aided School, Colleges, Universities, etc. can open Salary Accounts under State Government Salary Package.

There are following 4 eligibility variants of SBI State Government Salary Package based on as per Net Monthly Salary:

  1. SILVER: Between Rs. 10,000 and up to Rs. 25,000
  2. GOLD: Above Rs. 25,000 and up to Rs. 50,000
  3. DIAMOND: Above Rs. 50,000 and up to Rs. 1,00,000
  4. PLATINUM: Above Rs. 1,00,000

Special Offer

  • Get complimentary Personal Accident Insurance cover of up to Rs. 20 Lakh for added financial security.
  • Get benefit from complimentary Air Accident Insurance cover of up to Rs. 30 Lakh providing comprehensive coverage.

SBI Railway Salary Package

SBI Railway Salary Package is a specially designed banking solution addressing the needs of railway employees. With exclusive benefits and features, this package offers convenience and value to railway personnel. It includes a salary account with benefits like zero balance requirement, unlimited transactions across ATMs of any bank and a personalized checkbook. Railway employees can also enjoy preferential interest rates on loans, complimentary accident insurance coverage and access to exclusive offers and discounts. The SBI Railway Salary Package is tailored to meet the financial requirements of railway employees, ensuring a seamless banking experience and added financial security.

Eligibility Criteria

Employees of Indian Railways, Kolkata Metro, Konkan Railway Corporation, Mumbai Metro, Delhi Metro Rail Corporation Ltd. & Bangalore Metro Rail Corporation can open Salary Accounts under Railway Salary Package.

There are following 4 eligibility variants of SBI State Government Salary Package based on as per Net Monthly Salary:

  1. SILVER: Between Rs. 10,000 and up to Rs. 25,000
  2. GOLD: Above Rs. 25,000 and up to Rs. 50,000
  3. DIAMOND: Above Rs. 50,000 and up to Rs. 1,00,000
  4. PLATINUM: Above Rs. 1,00,000

Special Offer

  • Get complimentary Personal Accident Insurance cover of up to Rs. 20 Lakh for added financial security.
  • Get benefit from complimentary Air Accident Insurance cover of up to Rs. 30 Lakh providing comprehensive coverage.

SBI Police Salary Package

SBI Police Salary Package is a specialized banking offering designed exclusively for police personnel. This package provides numerous benefits and features tailored to meet the unique requirements of police professionals. It includes facilities such as a salary account with zero balance requirement, unlimited transactions across ATMs of any bank and free issuance of drafts and multi-city cheques. Additionally, the package offers complimentary Personal Accident Insurance and Air Accident Insurance cover, preferential rates on personal loans and home loans and access to a dedicated relationship manager. SBI Police Salary Package ensures that police personnel have convenient banking services that cater to their specific needs and priorities.

Eligibility Criteria

Employees of the Central Police Organisations (other than Central Armed Police Forces and Railway Protection Force), Civil Police, Armed Police and Reserve Police of all States, Police Forces of The Union Territories (Under The Control Of The Central Government) and Government Railway Police (GRP) – (part of State Police Force) can open Salary Accounts under Police Salary Package.

There are following 4 eligibility variants of SBI State Government Salary Package for "Police" based on as per Net Monthly Salary:

  1. SILVER: Between Rs. 10,000 and up to Rs. 25,000
  2. GOLD: Above Rs. 25,000 and up to Rs. 50,000
  3. DIAMOND: Above Rs. 50,000 and up to Rs. 1,00,000 & officers of SP and higher rank
  4. PLATINUM: Above Rs. 1,00,000 & officers of DIG and higher rank

There are following 4 eligibility variants of SBI State Government Salary Package for "Home Guards" based on the rank of the personnel:

  1. Silver: steno, clerical staff, asst. grade-2, driver, hawaldar, arakshak, peon, sepoy, aradali, follower
  2. Gold: registrar (lekha adhikari), MTI, MTO, asst. quarter master, office supdt., asst. supdt.
  3. Diamond: junior staff officer, district commandant.
  4. Platinum: DG, IG, addl. commandant general, senior staff officer.

Special Offer

  • Get complimentary Personal Accident Insurance cover of up to Rs. 20 Lakh for added financial security.
  • Get benefit from complimentary Air Accident Insurance cover of up to Rs. 30 Lakh providing comprehensive coverage.

SBI Salary Account Interest Rates

Savings Account DepositInterest Rate 
Deposit less than Rs. 10 crore 2.70%
Deposit more than Rs. 10 crore 3.00%