Railway Salary Package

Salary Accounts under

Railway Salary Package (RSP)

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Railway Salary Package (RSP)

Employees of Indian Railways, Kolkata Metro, Konkan Railway Corporation, Mumbai Metro, Delhi Metro Rail Corporation Ltd. & Bangalore Metro Rail Corporation can avail of Salary Accounts under Railway Salary Package (RSP)

Package Variants eligibility is as per Net Monthly Salary

  • Silver: Between `10,000/- and up to `25,000/-
  • Gold: Above `25,000 and up to `50,000/-
  • Diamond: Above `50,000 and up to `1,00,000/-
  • Platinum: Above `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.
    • 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 SBI Rewardz.
    • Host of regular offers on Debit Cards and YONO by SBI.
    • SBI Rishtey (Family Savings Account): For family member of Salary Package Customer with differential benefits- such as No minimum balance requirement, No issuance charges for ATM cum Debit Card, Free SMS alert, Free Demand Draft issuance by Debit to SBI Rishtey Account, and Auto Sweep facility available.

    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).

    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.