SBI Central Government Salary Package

1. Silver - monthly income ranging from Rs.10000 to Rs.25,000
2. Gold - monthly income ranging from Rs.25,000 to Rs.50,000
3. Diamond - monthly income ranging from Rs.50,001 to Rs.1 lakh
4. Platinum - monthly income above Rs.1 lakh

Features of SBI Central Government Salary Package:

The features of the CGSP vary depending on the designation and the gross monthly income of the account holder. However, there are some features and benefits that are common to all CGSP account holders.

1. Account holders have the benefit of maintaining a zero minimum balance in their account.
2. SBI allows for free unlimited ATM transactions across all SBI ATMs in the country.
3. Most CGSPs come with an SBI credit card.
4. Drafts, multi-city cheques, and regular SMS alerts are offered free of charge.
5. Account holders can avail a discount of up to 25% on SBI lockers.
6. SBI does not levy an annual maintenance charge on debit cards for CGSP accounts.
7. Home loans, auto loans, education loans, and personal loans can be availed at comparatively lower interest rates. Additionally, account holders can also avail a discount up to 50% on processing fees.
8. Customers can earn a higher rate of interest on deposits by using auto-sweep to create Multi Option Deposits (eMODs).
9. Select customers have the privilege of obtaining an overdraft that is equivalent to 2 months net monthly income.
10. Use of an SBI debit card for CGSP account holders come with a number of offers, including loyalty points through the bank's SBI Rewardz programme.
11. CGSP account holders receive a complimentary insurance cover up to Rs.20 lakh for personal accidents that result in the death of the account holder. Additionally, account holders also receive a complimentary insurance cover up to Rs.30 lakh for air accidents that result in the death of the account holder.

Benefits for Employers:

1. Employers have the benefit of on boarding their employees by requesting a visit from the bank official at the office premises.
2. Employers can manage a number of salary account in various centers with a few clicks. SBI's internet banking facilities make it more convenient for employers to disburse employee salaries. Furthermore, the administrative charges and the amount of paperwork involved is comparatively lower when organisations use internet banking.

SBI is one of the most well-known banks in the country and since it is run by the Central Government, individuals employed by the various central government institutions and departments reap the most benefits from their salary accounts.

Documents Required to Open a Salary Account:

The documents below are required to open a salary account: