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STATE GOVERNMENT SALARY PACKAGE (SGSP)

STATE GOVERNMENT SALARY PACKAGE (SGSP)


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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 avail of Salary Accounts under State Government Salary Package (SGSP)

Package variants available as per designation of personnel
  • SILVER: GROSS MONTHLY SALARY `5,000/- AND UP TO `20,000/-
  • GOLD: GROSS MONTHLY SALARY `20,000 AND UP TO `50,000/-
  • DIAMOND: CLASS 2 EMPLOYEES I.E. GAZETTED OFFICERS, ASST DIRECTORS ETC OR EMPLOYEES WITH GROSS MONTHLY SALARY `50,000 AND UP TO `1,00,000/-
  • PLATINUM: CLASS 1 EXECUTIVE GRADE1 LIKE COMMISSIONERS, COLLECTORS, HOD, DIRECTORS, PS, SECRETARY OR EMPLOYEES WITH GROSS MONTHLY SALARY `1,00,000/-
Benefits to the Employer

  • Hassle-free account opening process. On request, our officials will visit your premises to on-board your employees. Employees can also opt to open their accounts online or by visiting the nearest branch.
  • A convenient way to manage salaries across a large number of centres, through the Bank's award-winning Corporate Internet Banking.
  • Online facilities reduce paperwork and salary administration cost. Enjoy instant credit of salaries to your employees' accounts.
  • Zero charge for salary disbursement.
  • Equipping your employees with a power-packed Salary Account that is trusted by the largest organisations in India.
Benefits to the Employee

  • 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)