SBI Central Government Salary Package (CGSP)

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SBI Central Government Salary Package (CGSP)

Exclusive SBI Central Government Salary Package (CGSP) with zero balance, free transactions & special benefits for government employees

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Details for SBI Central Government Salary Package (CGSP)

SBI Central Government Salary Package (CGSP) offers zero balance, free unlimited transactions, exclusive loan benefits, and enhanced insurance coverage. Designed for government employees, it ensures seamless banking with priority services, rewards, and overdraft facilities, making salary management effortless and rewarding.

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Interest Rate

3.00% p.a.

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Withdrawal Limit

Not available

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Transaction Limit

Not available

Eligibility Criteria for Opening an Account

  • 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.

Additional Benefits

  • Zero balance account and free unlimited transactions across all SBI ATMs.
  • Personal Accident Insurance (Death) cover up to Rs. 100 Lakhs
  • Air Accident Insurance (Death) cover up to Rs. 160 Lakhs
  • Accidental (Permanent Total Disability) insurance cover up to Rs. 100 Lakhs
  • Group Term Life Insurance (Death)* benefit up to Rs. 10 Lakh
  • Personal Accidental (Permanent Partial Disability) insurance cover up to Rs. 80 Lakhs
  • Avail of Personal Loans, Home Loans, Car Loans and Education Loans at attractive rates and upto 50% off on processing fees.
  • Upto 50% 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.
  • Earn points on various transactions through our loyalty program SBI Rewardz.
  • Host of regular offers on Debit Cards and YONO by SBI
  • SBI Rishtey (Family Savings Account): For family members of Salary Package Customer with differential benefits

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