SBI State Government Salary Package

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SBI State Government Salary Package

Simplify salary management with the State Government Salary Package (SGSP) – exclusive benefits, seamless transactions, and enhanced savings.

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Details for SBI State Government Salary Package

The State Government Salary Package (SGSP) offers government employees seamless salary management with exclusive banking benefits. Enjoy zero-balance accounts, preferential loan rates, free insurance, and convenient digital transactions. Designed for hassle-free banking, SGSP ensures security, savings, and superior financial services tailored for state employees.

Interest Rate

3.00% p.a.

Withdrawal Limit

Not available

Transaction Limit

Not available

Eligibility Criteria for Opening an Account

  • Permanent employees of state government, Union territories and state boards etc. in States in Union Territories, Including Teachers/Professors of aided School, Colleges, Universities, etc. can avail of Salary Accounts under State Government Salary Package (SGSP)

Additional Benefits

  • Zero balance account and free unlimited transactions across all SBI ATMs.
  • Personal Accident Insurance (Death) cover up to Rs. 20 Lakhs.
  • 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 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