- Zero balance account and free unlimited number of transactions across all SBI ATMs in India.
- Group Term Life Insurance (GTL) of ₹ 10 Lakh (Any kind of death is covered) (For Details and Date of coverage Table Enclosed)
- Personal Accidental Insurance (Death)cover of Rs. 100 Lakhs to all ranks. (For Details and Date of coverage Table Enclosed)
- Air Accidental Insurance (Death)cover of Rs. 150 Lakh to all ranks. (For Details and Date of coverage Table Enclosed)
- Personal Accidental (Permanent Total Disablement) cover up to Rs. 100 Lakhs to all ranks. (For Details and Date of coverage Table Enclosed)
- Personal Accidental (Permanent Partial Disablement) cover upto Rs. 100 Lakhs to all ranks. (For Details and Date of coverage Table Enclosed)
- 100% waiver of processing fee on SBI Personal Loan (Erstwhile Xpress Credit), 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.
- 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.
- SBI Personal Loan (Erstwhile Xpress Credit loan) cover up to 10 Lakh for SBI Loan Account for death in action against Terrorist / Naxalites / Foreign enemy.
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the account will be converted to normal savings account and all the features offered under Salary Package will stand withdrawn. All the Charges shall be levied as applicable to normal Savings Bank Account.
Note 3: The Salary Package is being offered to the employees by the Bank as a comprehensive solution for the purpose of providing various banking services and associated features are not intended for mobilization of deposits from them.