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PDF Editor FAQ

What type of benefit does SBI give for a salary account?

We offer Special Salary Accounts for employees of Corporates, Schools, Colleges, Universities, Government establishments/ organizations, Railways, Police establishments, Defence Personnel etc.Our Salary account packages are coupled with a complete range of benefits and services like:· Zero balance Savings account· Free State Bank Debit card card and add-on card· Free issuance of Multi City Cheques (MCC), drafts, SMS Alerts· Free online NEFT/RTGS· No Annual Maintenance Charges on State Bank Debit card· Unlimited transactions at ATMs of any bank· Attractive rates for Personal Loans, Home loans, Car Loans and Education Loans.· Optional Zero Balance Employee Reimbursement (Current) account (No Annual Maintenance Charges)Complimentary Air Accident Insurance (Death) cover up to Rs. 30 Lakhs.Complimentary Personal Accident Insurance (Death) cover up to Rs. 20 Lakhs.Avail of Auto-Sweep to create e-MODs (Multi Option Deposits) and earn higher interest.Avail of DEMAT & Online Trading A/c, SBI Credit Card at the time of on-boarding itself.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)· Access to the most advanced and secured Net Banking and Mobile Banking servicesSBI Salary Accounts can be customized as a special package for a Corporate/Institution depending upon the business relationship with the Bank.Salary Accounts with SBI are classified under 8 different Packages:· Corporate Salary Package· Central Government Salary Package· State Government Salary Package· Railway Salary Package· Police Salary Package (PSP)· Defence Salary Package· Para Military Salary Package· Indian Coast Guard Salary Package (ICGSP)Please visit http://bit.ly/SBI-SalaryPackage for complete information on our various Salary package accounts.

What are the processing fees of a car loan for a Defence Personnel in SBI Bank?

Defence personnel of the Army, Navy, Air Force, Indian Coast Guard, Assam Rifles, Rashtriya Rifles (RR) and GREF [Border Road Organisation (BRO)] can avail of Salary Accounts under Defence Salary Package (DSP). If you are maintaining Defence Salary Package account with State Bank of India 100 % waiver of processing fees on following Loans:• Personal Loans• Home Loans• Car Loans• Education Loans.The Defence salary package is available in four variants, namely Silver, Gold, Diamond and Platinum categorised on the rank of the personnel of Army, Navy, Air Force, Assam Rifles, RR and GREF (Border Road Organisation). PBORs are categorised in the Silver Variant; Officers are categorised under Gold, Diamond and Platinum Variants.The benefits to the Salary Package Account holders are as follows:• 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 100% waiver 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)Please also note that State Bank of India has waived the processing fees on Car Loans to all for the period from 16.08.2017 to 31.12.2017.This will be available to new cars only sanctioned under all Car Loan schemes. It will also be applicable to SME Retail Car Loans but will not be applicable to taxi, transport operators and fleet segments.

How can I change an SBI savings account to a defence salary package account?

Visit your home Branch with your employment proof and a letter recommending for conversion of your ordinary SB Account to Salary Account, signed by your salary disbursing authority. Don't forget to mention the amount of monthly salary that you draw each month in order to help Bank ascertain your eligibility for a specific variant of Account. If you're working for a Govt organisation or an organisation with which SBI already has a tie-up for salary package, your account will be converted to salary account.

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