SBI Central Government Salary Package

State Bank of India (SBI) is the country’s oldest banking institution, among many services, offers its customers is its salary account packages. And there is one specifically targeted for CGEs known as SBI Central Government Salary Package.

The Central Government Salary Package (CGSP) is a salary account designed specifically for employees of various Ministries Departments and Autonomous Bodies under the Central Government, RBI and NABARD. The account has a number of advantages for both employees and employers.

The SBI regularly offers various schemes for Government Employees and PSUs. Last year, a special festival advance was proposed by the government, the SBI had launched a prepaid card Rupay Card loaded with the advance under the name UTSAV card. Read: Details on availing UTSAV Rupay card of Rs 10000 under Festival Advance Scheme

Based on their monthly income, central government employees can open the following types of accounts:

These all-inclusive bundles offer a variety of exclusive benefits and features, as well as easy access to dependable Net Banking and Mobile Banking services. The service comes with Zero balance account and free unlimited transactions across ATMs of any Bank.

The common features of the SBI Central Government Salary Package

• Zero balance account and free unlimited transactions across ATMs of any Bank. Also comes bundled with SBI Credit Card.
• 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 up to 50% off on processing fees.
• Up to 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 onboarding 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