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SBI Salary Account: Insurance up to Rs 30 lakh on salary account, big relief on home loan too

SBI Salary Account: On opening a salary account with SBI, the employed person gets personal accident insurance cover (death) up to Rs 20 lakh and air accident insurance cover (death) up to Rs 30 lakh. Forces get more cover.

SBI Salary Account: Employed people have a salary account in which their salary comes. The bank offers many facilities with this salary account. These accounts are of zero balance, that is, there is no compulsion to keep minimum balance in them. Apart from this, banks also provide special facilities to their customers. Talking about the country’s largest bank State Bank of India (SBI), it will provide a personal accident insurance cover (death) of up to Rs 20 lakh to an employed person and air accident insurance cover up to Rs 30 lakh (death). ) Get.

However in the case of forces, this cover is more and the soldiers get personal accident insurance cover (death) up to Rs 30 lakh, air accident cover (death) up to Rs 1 crore, personal accident up to Rs 30 lakh on opening a salary account with SBI. Cover (full disability) and personal accident cover (partial disability) up to Rs 10 lakh.




Features of SBI Salary Accounts

50% discount in processing fees along with relaxation in rates of personal loan, home loan, car loan and education loan. However, 100% processing fee will be waived on express credit, car loan and home loan for the forces.

Up to 25% off locker charges.

Demat and online trading account can be opened while opening an account.

Facility of overdraft for an amount equal to two months’ salary.

Up to Rs 20 lakh on opening of salary account in SBI by personnel of category other than forces

Get Personal Accident Insurance cover (Death) and Air Accident Insurance cover (Death) up to Rs 30 Lakh.

In case of forces, this cover is more available and the jawans will get personal accident insurance cover (death) up to Rs 30 lakh, air accident cover (death) up to Rs 1 crore, personal accident cover up to Rs 30 lakh on opening a salary account with SBI. (Full disability) and personal accident cover (partial disability) up to Rs 10 lakh.

SBI offers eight packages

Corporate Salary Package (CSP) – Under this, various types of facilities are offered to employees of corporate institutions including service institutions like hospitals, hotels, transport corporations etc.

Central Government Salary Package (CGSP) – Employees of various Central Government Ministries and Departments, RBI and NABARD can open a salary account under the Central Government Salary Package (CGSP).

State Government Salary Package (SGSP) – Employees of State Government and Union Territories and permanent employees from Corporation / Board etc. located in States and Union Territories including teachers / professors of aided schools, colleges, universities etc., State Government. Salary accounts can be opened under Salary Package (SGSP).

Railway Salary Package (RSP) – Employees of Indian Railways, Kolkata Metro, Konkan Railway Corporation, Mumbai Metro, Delhi Metro Rail Corporation Limited and Bengbang Metro Rail Corporation can open pay accounts under Railway Salary Package (RSP).

Police Salary Package (PSP) – Central Police Organizations (other than Central Armed Police Forces and Railway Protection Force), Civil Police, Armed Police and Reserve Police of all states, Police Forces of Union Territories (under the control of Central Government), Government Railway Police (GRP) – (Part of State Police Force) can avail salary accounts under Police Package (PSP).

Army Salary Package (DSP) – Military personnel of Army, Navy, Air Force, Assam Rifles, Rashtriya Rifles (RR) and GREF (Border Roads Organization (BRO)) can open pay accounts under the Army Defense Package (DSP).

Central Armed Police Salary Package (CAPSP) – Central Reserve Police Force (CRPF), Border Security Force (BSF), Central Industrial Security Force (CISF), Sashastra Seema Bal (SSB), Indo-Tibetan Border Police (ITBP), National Security Guard (NSG), Railway Protection Force (RPF), Railway Protection Special Force (RPSF) personnel can avail salary accounts under the Central Armed Police Salary Package. Retired workers are also CAPSPs. – Pension account can be opened / changed and they will get all the benefits except insurance, express credit and overdraft.

Indian Coast Guard Salary Package (ICGSP) – Indian Coast Guard serving Indian Coast Guard can avail salary account under Salary Package (ICGSP). Retired personnel are also involved in ICGSP. – Pension account can be opened / changed, they will get all the benefits except insurance, express credit and overdraft.

Parvesh Maurya
Parvesh Maurya
Parvesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @ praveshmaurya24@gmail.com
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