SBI Railway Salary Package (RSP)

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SBI Railway Salary Package (RSP)

Exclusive SBI Railway Salary Package (RSP) for railway employees—zero balance account, free insurance, special benefits, and seamless banking.

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Details for SBI Railway Salary Package (RSP)

SBI Railway Salary Package (RSP) is designed for Indian railway employees, offering zero balance accounts, complimentary insurance, preferential loan rates, and seamless digital banking. Enjoy exclusive benefits, higher transaction limits, and financial security tailored for railway personnel.

Interest Rate

3.00% p.a.

Withdrawal Limit

Not available

Transaction Limit

Not available

Eligibility Criteria for Opening an Account

  • Employees of Indian Railways, Kolkata Metro, Konkan Railway Corporation, Mumbai Metro, Delhi Metro Rail Corporation Ltd. & Bangalore Metro Rail Corporation can avail of Salary Accounts under Railway Salary Package (RSP)

Additional Benefits

  • Zero balance account and free unlimited transactions across ATMs of any Bank.
  • Complimentary Personal Accident Insurance (Death) cover up to Rs. 100 Lakhs
  • Complimentary Air Accident Insurance (Death) cover up to Rs. 160 Lakhs
  • Complimentary Personal Accidental (Permanent Total Disablement) cover up to Rs. 100 Lakhs
  • Complimentary Personal Accidental (Permanent Partial Disablement) cover up to Rs. 80 Lakhs
  • Complimentary Group Term Life Rs. 10 Lakhs (subject to department signing MoU & sharing the employee data)
  • 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.
  • 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