Indian Coast Guard Salary Package

Salary Accounts under

Indian Coast Guard Salary Package (ICGSP)

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Indian Coast Guard Salary Package (ICGSP)

Serving personnel of the Indian Coast Guard, who have their Salary accounts with SBI can avail of Salary Accounts under Indian Coast Guard Salary Package (ICGSP). Retired Personnels can also open / convert their accounts in ICGSP – Pension and will be eligible for all benefits mentioned below except Insurance, Overdraft and Xpress Credit.

Available in three variants, namely Gold, Diamond and Platinum depending upon the rank of personnel. Gold is for PBORs, Diamond and Platinum for Officers.

  • GOLD: NAVIKS, UTTAM NAVIKS, PRADHAN NAVIKS, ADHIKARI, UTTAM ADHIKARI, PRADHAN ADHIKARI, YANTRIK, UTTAM YANTRIK, PRADHAN YANTRIK, SAHAYAK ENGINEER, UTTAM SAHAYAK ENGINEER, PRADHAN SAHAYAK ENGINEER, ENROLLED FOLLOWERS.
  • DIAMOND: DEPUTY COMMANDANT, ASSISTANT COMMANDANT
  • PLATINUM: COMMANDANT (JG), COMMANDANT, DIRECTOR GENERAL, ADDITIONAL DIRECTOR GENERAL, INSPECTOR GENERAL, DEPUTY INSPECTOR GENERAL
  • Benefits to Serving Personel
    • Zero balance account and free unlimited number of transactions across ATMs of any Bank in India.
    • Complimentary Personal Accidental Insurance (Death)cover of Rs. 50 Lakhs to all ranks.
    • Complimentary Air Accidental Insurance (Death)cover of Rs. 1 Crore to all ranks
    • Complimentary Personal Accidental (Permanent Total Disablement) cover up to Rs. 50 Lakhs to all ranks
    • Complimentary Personal Accidental (Permanent Partial Disablement) cover upto Rs. 50 Lakhs to all ranks.
    • Xpress Credit, Home loan, Car Loan and Education loan available at competitive rates.
    • 100% waiver of processing fee on Xpress Credit, Car Loan and Home Loan (Actual TIR and Valuation charges, etc will be recovered, where applicable).
    • Up to 25% off on annual locker rental.
    • Auto-Sweep facility (optional) to create e-MODs (Multi Option Deposits)and earn higher interest.
    • Demat & Online Trading A/c facility available.
    • Free issuance of Drafts, Multi City Cheques, SMS Alerts, NEFT/RTGS.
    • Overdraftequivalent to 2 Months Net Salary (subject to maximum cap based on variant of account).
    • Additional Rs. 10 Lakh for death in action against terrorist/ Naxalites/ foreign enemy.
    • SBI Rishtey (Family Savings Account): For family members of Salary Package Customer with differential benefits.
    • Xpress Credit loan cover upto 10 Lakh for SBI Loan Account for death in action against Terrorist / Naxalites / Foreign enemy.
    • SBI Rishtey (Family Savings Account): For family members of Salary Package Customer with differential benefits

    Note 1: Benefits under salary package are subject to classification of Savings Bank Account to respective Salary Package and Variant in banks system. All Customers Drawing Salary through SBI Accounts are required to apply along with proof of Salary and Proof of employment to their home branch for conversion of savings account to respective Salary Package/Variant ((Conversion Forms). Account holders are required to verify classification of their accounts under respective package/variant from the name of package / variant printed on first page of their bank passbook / statement.

     

    Note 2: In case, monthly salary is not credited into the account for more than 3 consecutive months, the special features offered under Salary Package will stand withdrawn and the account shall be treated as Normal Savings Account under our standard charges structure, and all charges shall be levied and applied as applicable to normal savings accounts.

  • Benefits to Pensioner Veterans
    • Zero balance account and free unlimited number of transactions across ATMs of any Bank in India.
    • Complimentary Personal Accidental Insurance (Death) cover of Rs. 30 Lakhs to all ranks
    • 100% waiver of processing fee on Car Loans.
    • Up to 25% off on annual locker rent.
    • Auto-Sweep facility (optional) to create e-MODs (Multi Option Deposits) and earn higher interest.
    • Demat & Online Trading A/c facility available.
    • Free issuance of Drafts, Multi City Cheques, SMS Alerts. NEFT/RTGS.