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)

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