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.
Benefits to the Employer
Convenient way to manage salaries across a large number of centers through Core Power and the Bank's award winning Corporate Internet Banking
Reduces employer's paperwork and salary administration cost.
No charges for uploading of salaries
Employees receive instant credit of salaries
Benefit to the Employee
Convenience of Anywhere Banking at
The largest network of more than 16,000 Core Banking Branches
Extensive alternative channels.
53,000 plus ATMs of State Bank Group
Free Internet Banking, Mobile Banking
Complete gamut of Banking Services including:-
Unique Lifetime Account Number
Zero Balance Account facility with no penal charges for non-maintenance of minimum balance
Auto sweep (in & out) facility (on request)-Surplus amount in Savings bank account beyond threshold balance is transferred automatically into Term Deposits (multi option deposits) in multiple of Rs.1000/- and vice versa
Facility for Auto Sweep Switch On/Off through Internet Banking
Free Personal Accident Insurance (Death) Cover to Primary
Salary Package Account*
Free personalized Multi City Cheques
Free Core Power: Anywhere banking facility with the widest network of more than 16,000 branches. Free updating of pass-books at any branch
Easy overdraft up to 2 months' salary repayable within 6
Free Debit Cards :
Domestic cards for Silver Accounts, Gold Debit cards for Gold and Diamond Accounts and Platinum Debit Card for Platinum Accounts.
Maximum daily withdrawal of Rs. 40,000 on Domestic Cards, Rs. 50,000 on Gold Cards and Rs. 1,00,000 on Platinum Cards.
Various Personal loans like Home loan/ Auto loan/ Xpress Credit loan, etc. at attractive terms
Demat facility, 3-in 1 Trading Account available
Systematic Investment Plan in Mutual funds
Range of other value added benefits