Central Government Salary Package

Salary Accounts under

Central Government Salary Package (CGSP)

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Central Government Salary Package (CGSP)

Regular employees of Ministries and Departments of Central Government including Defence civilians, employees of Reserve Bank of India (RBI), National Bank for Rural and Agricultural Development (NABARD) and Autonomous Bodies.

Eligibility as per Net Monthly Salary

  • Silver: 10,000 up to 25,000/-
  • Gold: > 25,000 up to 50,000/-
  • Diamond: > 50,000 up to 1,00,000/-
  • Platinum: > 1,00,000 up to 200,000/-
  • Rhodium: > 2,00,000/-

Employees of NABARD, RBI and Defence Civilians, CGDA, etc. will also be categorised as above.

  • 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

    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the account will be converted to normal savings account and all the features offered under Salary Package will stand withdrawn.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.

    Note 4: The Group Life Insurance Cover will only be extended if the concerned department/s sign an MoU with the Bank with relevant clause for employee data sharing with insurance company selected by bank. Benefit of life insurance cover is made effective from 22nd of succeeding month in which the MoUs with receptive departments are signed and data of employees is provided to the insurance company in proper format as desired by the insurance company. In any case the life insurance will take effect from the date of addition of accounts by the insurance company in the policy and not from the date for sharing the data. However, in any case it will not be before 22nd of the succeeding month of signing of MoU.

    T & C Apply