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SBI's Zero Balance Salary Account: Eligibility, Benefits Explained Here

Salary accounts under corporate salary package offer SBI Zero balance account and free unlimited transactions across ATMs of any bank.

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SBI's Zero Balance Salary Account: Eligibility, Benefits Explained Here

SBI's corporate salary package offers demat and online trading account at the time of on-boarding.


SBI (State Bank of India) offers an entire range of salary accounts according to one's needs. "The SBI corporate salary package is the efficient salary disbursement method," said country's largest lender on microblogging website - Twitter. SBI offers salary account packages for varied sectors such as central government, state government, defence forces, paramilitary forces, police forces, corporates/institutions etc, according to bank's official website -- bank.sbi. The packages provide a wide range of benefits and services, as well as access to the secure net banking and mobile banking services, it further said. 
SBI's corporate salary package in detail:

Salary accounts under corporate salary package (CSP) offer a range of privileges to the employees of corporate institutions, including service organisations such as hospitals, hotels, etc. The package can be customised depending upon the business relationship between the organisation and the bank.

The package variants eligibility is as per the gross monthly income. 

Platinum: more than Rs 1,00,000
Diamond: more than Rs 50,000 and up to Rs 1,00,000
Gold: above Rs 20,000 and up to 50,000
Silver: Between 5,000 and up to 20,000

Advantages to the employee:

1. Salary accounts under CSP offer SBI Zero balance account and free unlimited transactions across ATMs of any bank. SBI credit card is also bundled with it.

2. It also offers complimentary personal accident insurance (in case of death) cover up to Rs 20 lakh and complimentary air accident insurance (in case of death) cover up to Rs 30 lakh.

3. Employees also get free issuance of drafts, multicity cheques, SMS alerts and free online NEFT/RTGS services.

4. One also gets overdraft equivalent to two months net salary (currently available for select customers only) and up to 25 per cent off on locker charges.  

5. One can also avail auto-sweep to create e-MODs (Multi Option Deposits) and earn higher interest. Demat and online trading account is provided at the time of on-boarding itself.


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