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Salary Accounts under STATE GOVERNMENT SALARY PACKAGE (SGSP) of SBI – Employee Benefits ,AP/TS State Govt. Employees SBI Saving to Salary Account Change Process, Application Form Benefits @ www.sbi.co.in.SBI State Govt Employees Salary Account Benefits, State Bank of India benefits for State Government Salary Package Accounts. AP/ TS State Govt. Employees SBI Saving To Salary Account Change Process, Application Form Benefits, Salary Accounts under STATE GOVERNMENT SALARY PACKAGE (SGSP) of SBI – Employee Benefits ,State Govt. Employees SBI Saving Account To Salary Account Change Process Details here.
SBI Salary Account Change Process, Benefits, Application form for State Govt. Employees
State Government Employees Salary Account Benefits in SBI, AP / TS State Government Salary Package Account SBI Salary Account Apply Online SBI State Government Salary Package Account How to Convert Savings Account to Salary Account in SBI, Employees of State Govt. Teachers/Professors of aided School, Police Department, Colleges, Universities, etc. can avail of Salary Accounts under State Government Salary Package (SGSP), Special Salary Package For Government Employees and List of documents to be obtained from different types of customers.
Overview of SBI Salary Account of State Government Salary Package (SGSP)
State Bank of India special salary account is offered for employees of Government organizations & establishments, corporates, schools, colleges, Railways, universities and defence personnel. With salary accounts, SBI provides an unique range of services like free debit card, zero balance requirements etc., SBI Special Salary Account holders will be able to enjoy a seamless access to Mobile banking services and Net Banking features.
Services Offered With SBI Salary Account
Benefits Offered by SBI Salary Accounts to Employers
Easy Management
SBI Salary accounts offer a convenient way to manage salaries with Core banking and internet banking facilities.
No Charges
No Charges for uploading of salaries,
No hassles
SBI Salary accounts reduces the salary administration cost and takes away the hassles of paperwork.
Instant Credit
Employees get instant salary credit thereby reducing any unnecessary delays.
Benefits Offered by SBI Salary Accounts to Employees
Anywhere Banking
With over 16, 000 core banking branches and more than 53, 000 A
Easy account management
SBI Salary account holders can manage their account without any hassles through internet banking and mobile banking services.
Zero balance requirements
No charges for non maintenance of the account
Free Services
Free debit cards, personal accident insurance cover and personalized multi city cheque books
Investment Options
Account holders can opt for Systematic Investment Plan in mutual funds and demat facility for trading/
Easy Loan Options
SBI Salary account holders can avail home loan, Xpress credit loan, auto loan, home loan etc
Current Account
SBI offers additional employee reimbursement current account specially for crediting reimbursements.
Easy Overdraft Facilities
Easy overdraft up to 2 months salary which is repayable within a period of 6 months.
Features of SBI Salary Accounts
Cheque Book
20 cheque leaves free
Passbook and e-Statements
Passbook is provided at no extra cost. Free statement of account provided.
Internet Banking
Yes
SMS Alerts
Yes
Cash Withdrawal
5 transactions free (for non-metro) and 3 free transactions (for metro) for cash and non – cash transactions at other Bank ATMs across India.
Free cash and non – cash transactions at SBI ATMs across India (maximum of 5 transactions at own bank ATMs for select SBI debit cardholders)
Package variants available as per designation of personnel
Silver: Gross Monthly Salary `5,000/- And Up To `20,000/-
Gold: Gross Monthly Salary `20,000 And Up To `50,000/-
Diamond: Class 2 Employees I.E. Gazetted Officers, Asst Directors Etc Or Employees With Gross Monthly Salary `50,000 And Up To `1,00,000/-
Platinum: Class 1 Executive Grade1 Like Commissioners, Collectors, Hod, Directors, Ps, Secretary Or Employees With Gross Monthly Salary `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. 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 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 State Bank Rewardz.
Host of regular offers on Debit Cards and State Bank Buddy (e-Wallet)
Requirement of Documents for opening a Salary Account:
1. Passport size photographs (2 nos.)
2. Certificate/letter of identity /address issued by the employer
3.In addition to the certificate/ letter issued by the employer, at least one of the officially valid documents as provided in the Prevention of Money Laundering Rules (viz. passport, driving licence, PAN Card, Voter’s Identity card, etc.) or utility bills for KYC purposes for opening bank accounts of salaried employees.
4. Joint Accounts …For joint accounts the above documents are required for both, the applicant as well as the joint applicant(s).
Fees and Charges for SBI Salary Account
Type of customers
Documents to be obtained
Individuals
For Identification
Passport
PAN card
Voter’s identity Card issued by Election Commission of India
Driving License with photograph
Job Card issued by NREGA duly signed by an officer of the state Govt.
UIDAI Card (Adhar Card)
For Low risk customers only
ID card with applicants photograph issued by Central/State Government Depts, Statutory/Regulatory Authorities, Public sector Undertakings, Scheduled commercial Banks and Public Finance Institutions.
Other Photo ID issued by a Gazetted officer with duly attested photograph of the person.
For Address
(Post Box Number will not be accepted)
Passport
Voter’s Identity Card
Driving Licence
Job card issued by NREGA duly signed by an officer of the State Govt.
Aadhar Card/Letter issued by Unique Identification Authority of India(UIDAI) containing details of name, address and Aadhar number or any document as notified by the Central Government in consultation with the Regulator.
In case the proof of address furnished by the customer is not the local address or address where the customer is currently residing the bank may take a declaration of local address to which all the correspondence will be made by the bank with the customer. No proof is require to be submitted for such address for correspondence/local address
Joint Individuals
As mentioned above for individuals for each of the joint individuals.
Non Resident Indians-Individuals
Copies of Passport and Residence Visa, a valid document indicating foreign residential address and passport size photographs of the applicant. The applicant is to be duly introduced by Banker/ Notary Public/ Indian Embassy/ Local customer who has been subjected to full KYC Procedure.
Proprietary concern
For Identity of the concern,its activities, address.
Prescribed Proprietary Declaration Letterand any two of the following:Shop and Establishment
Registration Certificate (in case of a registered concern)
Certificate/ licence issued by Municipal Authorities under Shop & Establishment Act or any other similar documents indicating the activities of the concern.
Sales and Income Tax Returns
CST/VAT Certificate
Certificate/ Registration document issued by Sale tax/ Service Tax/ Professional Tax authorities.
License issued by Institute of Chartered Accountants of India,
Institute of Cost Accountants of India,
Institute of Company Secretaries of India,
Indian Medical Council,
Food and Drug Control Authorities, etc.
Importer/Exporter code (IEC) issued by the Office of The DGFT.
Recent passport size Photographs of the proprietor.
Hindu Undivided family
For Identity of the HUF, its activities, address and authority for opening and operation of its account(s) For identity of the Karta and major co-parceners of the HUF who are authorized to operate the account(s) and their addresses.
Prescribed Joint Hindu Family Letter signed by all the major Co-parceners. Declaration form from the Karta.
Any of the documents for identity of each of the Karta and each of the major coparceners (as given above for individuals) and their addresses
Recent Passport size Photographs of all such persons.
Partnership Firms/LLP
For Identity of the Firm, its activities, address and authority delegated for opening and operation of its account(s).
For identity of the partners who are authorized to operate the accounts(s) and their addresses
Registration Certificate (if registered)
Partnership Declaration
Partnership Deed.
Designated Partner Identification Number (only for LLP)
An officially valid document in respect of the person holding an attorney to transact on its behalf.
Any of the documents for identity of each of the authorized partners (As applicable for individuals) and their addresses
Recent passport size Photographs of all the partners.
Companies/ Corporations
For identity of the Company/Corporation,its activities,address and authority delegated for opening and operation of its account(s).
For identity of the directors/ officials of the company/ corporation who are authorized to operate the account and their addresses.
Certification of Incorporation
Memorandum and Articles of Association
Current list of directors with their bio-data
A resolution from the Board of Directors and power of Attorney granted to its managers, officers or employees to transact on its behalf.
An officially valid document in respect of managers, officers or employees holding an attorney to transact on its behalf.
Copy of licence issued by Central Govt. (only for Sec.25 companies)
Recent passport size Photographs of directors/authorized officials.
Trusts and Foundations
For Identity of the Trust, its activities, address and authority delegated for opening and operation of its account(s).
For identity of the trustees who are authorized to operated the accounts of the Trust and their addresses.
Certificate of Registration,
Trust Deed
Settlers Declaration
List of Trustees.
Resolution of the managing committee of the trust for opening and operating of the account.
An Officially valid Document in respect of the person holding a power of Attorney to transact on its behalf.
Societies, Associations NGOs, Clubs, and other organizations
For Identity of the organization, its activities, address and authority delegated for opening and operation of its account(s).
For identity of the Managing Committee Members who are authorized to operate the accounts of the organization and their addresses.
Certificate of Registration, if registered,
Bye laws
List of Managing Committee Members and their bio-data
Resolution of the Managing Committee of the Organization for opening of the account and delegating powers to operate the accounts of the organization.
Any of the documents for identity of each the authorized Managing committee Members (as given above for individuals) and their addresses
Recent passport size Photographs of all such members.
Local Bodies/Government Departments etc.
For Identity of the applicant, its activities, address and authority delegated for opening and operation of its account(s).
Notification/Resolution/Letter of Permission for opening and delegation of authority to operate the account
Unincorporated Association or Body of Individuals (Association/Societies/clubs)
Certificate of Registration (If registered)
List of Managing Committee Members
Bye laws of the Society.
Resolution of the Managing Body of such association or body of individuals.
Power of Attorney granted to him to transact on its behalf.
An officially valid document in respect of the person holding a power of attorney to transact on its behalf.
Such information as may be required by the Bank to collectively establish the legal existence of such an association or body of individuals.
Resolution of the managing committee of the association for opening and operating the account.
Letter from SBI Officials showing the Salary Account
Benefits
How to Change SBI Savings Account to Salary Account
Write an application to change your account type to respective salary account with proof of your job (e.g. Salary Slip, Service Certificate etc). This process holds true if you are working at Central Government or State Government or Psu.
If you are working at Management then check with your hr department whether they have any tie up with SBI.
The request for conversion of normal saving Bank account to salary account cannot be submitted by you directly to the branch.
State Bank of India special salary account is offered for employees of Government organizations & establishments, corporates, schools, colleges, Railways, universities and defence personnel. With salary accounts, SBI provides an unique range of services like free debit card, zero balance requirements etc., SBI Special Salary Account holders will be able to enjoy a seamless access to Mobile banking services and Net Banking features.
