SBI Overdraft Loan Salary Package Information & Application for SBI SGSP OD Facility – Guidelines

SBI Overdraft Loan Salary Package Information & Application for SBI SGSP OD Facility - Guidelines

SBI Overdraft Loan Salary Package Information & Application for SBI SGSP OD Facility – Guidelines and Required Documents download in pdf.  State Bank of India offered Overdraft (OD) Facility for State and Central Government Employees. How to Apply SBI OD Loan online. Latest Guidelines 2022 for OD loan for Employees. OD Application download in pdf. For availing Overdraft facility in SBI through SGSP Package for employees, employees must have SBI Salary Account. If not, they avail the SGSP Package through their bank. 

SBI Overdraft Loan Salary Package Information & Application for SBI SGSP OD Facility – Guidelines for State Government Employees

At present, State Bank of India (SBI) offer OD facility of up to 2 times of Net Monthly Salary with maximum limit from Rs. 40,000 to Rs. 2 lakh, depending upon Salary Package Account variant (Silver, Gold, Diamond and Platinum) and to be repaid in 6 months. The facility is available to all Salary Package customers at Branch channel up to the full limit of their eligibility and to pre-selected Diamond and Platinum variant customers on Internet Banking up to 50% of eligible limits.

Offline Application For SBI Overdraft Facility For Employees

Documents required for OD for offline application

  • Passport Size Photo
  • 3 Months Pay Slips
  • Aadhar Xerox
  • Pan Card
  • Revenue Stamp

How to Apply for OD Facility Online

OD FOR CSP AC (ONLINE MODE) Through INB Facility Only

(Category – Gold- Rs.75000/-, Diamond – Rs.150000/-, Platinum – Rs. 200000/-)

  • On Login to INB Post Login Page, a message will be displayed OR
  • On Login to INB Go to
  • – Requests & Enquiries
  • Select – OD for CSP A/C
  • Click – Apply
  • Application along with Terms & Conditions is displayed.
  • Enter – Net Salary
  • Amount of overdraft Required
  • Tenor of repayment
  • Accept – Terms & Conditions and submit Application
  • The Eligibility Overdraft amount is displayed on the Screen
  • Once the Customer confirms, an OTP is sent to the Registered
  • Mobile Number.
  • Validation – On Validation, Limit is created and D.P. is allowed immediately Without branch intervention.
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/-

5 SBI salary account benefits:

1] Accidental death cover: SBI salary account holders are entitled for up to ₹20 lakh accidental death cover.

2] Air accidental death cover: As per the official SBI website —, in case of air accidental death, the SBI salary account holder is entitled for Air Accidental Insurance (Death) cover up to ₹30 lakh.

3] 50% rebate in loan processing fee: A SBI salary account holder is eligible for 50 per cent processing fee on any loan like personal loan, home loan, car loan, etc.

4] Overdraft facility: State Bank of India offers overdraft facility to its salary account holders too. The largest commercial bank of India giver up to two month salary under over draft facility to the SBI salary account holders.

5] Rebate in locker charges: SBI offers up to 25 per cent off on locker charges to its salary account holders.

Latest Features for SBI Overdraft Facility under Salary Package for Employees


Branch channel: – Regular salary credits in the Salary Package account for past 6 consecutive months (residual service should not be less than 6 month)

Internet Banking Channel:  Age of the customer should not be more than 54 years.

Security: – Nil
Type of loan: – Overdraft in existing Salary Package Savings Accounts
Eligible variants:
Branch Channel: – Gold, Diamond and Platinum Internet Banking Channel & YONO– Gold, Diamond and Platinum
Rationale for revision:
  1. To exclude silver variant of the Salary Package customer to maintain healthy portfolio.
  2. To include additional channel through YONO and Gold variant customers for overdraft will increase reach, convenience and business growth in this portfolio.
Quantum of loan: – 2 times Net Monthly Income with Maximum Limit

Variant :: Branch, Internet Banking & YONO (Max Limit) Rs.

  • Silver : NIL
  • Gold : 75,000
  • Diamond : 1,50,000
  • Platinum : 2,00,000

Salary and SGSP Package Details:

  • 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/-
Repayment method:
Monthly by auto reduction in DP
Maximum Repayment period: 6 months
Interest Rate: 5.95% above 6 months MCLR, fixed interest rate without reset (Around 12%  – Last 6 Months MCLR  as on 15.01.2022 is 6.95% )
Processing Charges:  Nil
Branch channel:   Application form in prescribed format.
INB/YONO:  Digital format, no manual intervention
CIC Check:   CIC check with minimum Credit score of 650 (CIBIL score, version 2)
Risk Scoring:  Not Stipulated
NPA tracking:  As per existing IRAC norms

Download SBI OD Facility Application Form