WELCOME

PRESENTATION ON
RAILWAY SALARY PACKAGE
BY
STATE BANK OF INDIA
 PRESENTATION ON
RAILWAY SALARY PACKAGE
 RAILWAY SALARY PACKAGE
Benefits for Employer

Centralised Salary Administration. Single point salary

upload.
One debit and multiple credits
Payment through Corporate Internet Banking free of cost
with additional security features of an administrator.
Savings on Remittance Costs.
 Reduced Paperwork.
Customised MIS
 eZ Pay Cards for workers in lieu of cumbersome cash
payments. Upload through CINB
Alternative payment solutions through BC/BF model
SMS alerts for salary credits
 Railway Salary Package

RSP variant allotment according to grade of employee

Principal HOD, GM,

Member of Railway Board Platinum

Grade Officer, JAG Officer

H.O.D. Diamond

Junior Scale Officer,

Senior Scale Officer Gold

Group ‘D’ Peons/ Gangmen

To Supervisor/ Superintendent Silver
 Railway Salary Account – USPs

No Minimum Balance

Auto Transfer to Unique Life Time

RD & SIP A/c No.

Free ATM cum

SBI Vishesh
Value Debit Card

Proposition
Demat and Free Core Power
Online Trading

Free Internet Banking Free Multi City Cheques

RTGS & NEFT facility And Free Drafts
Free Mobile Banking
Auto Sweep facility to
Multi Option Deposits
 Zero Balance Account

 No Minimum Balance Requirement

Penalties for non – maintenance of minimum balance

for ordinary Savings Bank Account holder
Rs. 225 per quarter
 ATM Cards
 Free ATM cum Debit Card exclusively designed for Railway employees
VARIANT ATM CARD WITHDRAWAL PERSONAL TRANSACTION
ISSUED LIMIT ACCIDENT LIMIT AT PoS
INSURANCE
COVER*
SILVER Domestic Rs. 40,000/- Rs. 1 lac Rs. 50,000/-
GOLD & International
Rs. 50,000/- Rs. 4 lacs Rs 2 lacs
DIAMOND Gold
International
PLATINUM Rs. 1,00,000/- Rs. 5 lacs Rs 2 lacs
Platnium

 No limit on number of withdrawals from SBI ATMs.

 Free Add on Card available for Joint Account Holders opened on
‘Either or Survivor’ basis
 Core Power

 ‘Anywhere Banking’ at over 14,000 plus Core Banking

branches.
 Free transfer of funds within SBI
 Free updating of Pass Book at any Branch
 Free cash deposit at any Branch
 Free Multi City Cheques

 Free Multi City (At par) Cheques

 No Cheque Leaf Charges.
 No Payment Charges
 Payable at over 13000 branches.

 Free Cheque Books

 Silver, Gold, Diamond & Platinum – No limit.

 Free Drafts – 2 per month with a limit of Rs. 50,000/-, if issued

through account
 Auto Sweep Facility

 Auto Sweep facility:

 Earn Term Deposit Receipt (TDR) interest rates on your Savings
Bank Balance
 Facility for automatic sweep of balances over and above
Rs 15,000 for conversion into TDRs.
 TDRs are created for minimum amount of Rs 10,000/- and
further in multiples of Rs 1,000/-
 Automatic Unitised breaking of TDRs in multiples of
Rs 1,000/- on issue of cheque and withdrawal through ATM
 Save penalties on premature payment of entire TDR.
 RTGS/ NEFT
Free transfer of Funds through RTGS/ NEFT
You Save Charges as mentioned below:
Amount Service Charges
RTGS Rs 2 lac to Rs 5 lac Rs 25/-

Above Rs 5 lac Rs 50/-

NEFT Upto Rs 1 lac Rs 5/-
Rs 1 lac to Rs 2 lac Rs 15/-
Above Rs 2 lac Rs 25/-
 Free Internet Banking
 Utility Bill Payments (In selected cities).
 Pay Income Tax, Apply for issue of Drafts, New Cheque Book, Gift Card,
Transfer money to another account etc. at the click of your mouse!
 Issue for your own TDRs
 Apply for IPO using ASBA
 Free Mobile Banking (Funds transfer up to Rs 50,000)
 eZ Trade

1 Year Demat Account Opening charges waived.

You save Rs. 400/-
 SBI Vishesh

 SBI Vishesh Status for Platinum Customers

 Immediate credit of cheques within an overall limit of
Rs.50,000 outstanding at a time.
 Three (3) Free Remittances and Cheque Collections of
up to Rs.25,000 per month.
Pre-approved Home Loans.
Priority allotment of lockers and 25% concession in
locker service charges
 Railway Salary Account – Loan Products

Xpress Credit
Miscellaneous

Value
Proposition

Concession in Interest
Concession in Processing Rates
Charges

Concession in Margin
 HOME LOANS & CAR LOANS

 Concession of 25 bps on floating Interest rates for Home

Loans.
 Translates into a savings of Rs 50,000/- on a
Rs 20,00,000 loan for 20 years.

 Concession of 50 bps on Xpress Credit and Car Loans.

 Translates into a saving of Rs 7000/- on a Car loan of Rs
4,00,000/- for 7 years
 CONCESSION IN MARGIN

 5% concession in margin on Home Loans and Car

Loans (New Cars Only)

 Maximum Home Loan amount determined by Loan

to Value (LTV) Ratio - 90% for loans below Rs 20 lacs
and 80% for loans above Rs 20 lacs
 PROCESSING CHARGES ON LOANS

 50% Concession on Processing Charges for Home

Loans and Xpress Credit.

 On a Home Loan of Rs 50 lacs the saving on

processing charges works out to Rs 4,000/-

 For Car Loans- only Rs 500/- processing charge per

application. (For others it is 0.50% of loan amount).
Saving of Rs 1,500/- on a car loan of Rs 4,00,000/-
 Miscellaneous

Concession on Gold Coins for

1% concession on card rate for purchase of 2, 4, 5,
8, 10, 20 and 50 gm denominations

Additional Concession of 0.50 % on card rate will

be available during festivals/ campaigns

Free Financial Planning and Advisory for your hard

earned money

Special Tie-ups with manufacturing majors for

discounts to Salary package account holders e. g. Maruti
Suzuki, Tata Motors, HCL…
 Technology Products Funds Transfer

 Savings Plus  Core Power

(Sweep & Reverse Sweep)  SB Group Transfer
 Multi City Cheque  VISA to VISA Card
 ATM Gold Card  Master to Master Card
 eZ Trade  Visa to Master and Reverse
 e-Invest  RTGS/NEFT
 Mobile Banking  Railway Ticket Booking
 Utility Bills Payments
MOBILE BANKING
 Funds Transfer
 Up to Rs.50,000 free
Enquiry Services
 Balance enquiry
 Mini statement
Demat account services
Requests
 Cheque book
Mobile Top Up
 All networks
Documents Needed for Opening an RSP Account

 Employer’s letter certifying identity and address proof

 Copy of Identity Card issued by the Employer.
 As per RBI’s recent instruction, one additional KYC document like PAN
Card, Pass Port, Voter’s ID Card, Driving license, etc
 Passport size photographs (2 nos.)
 Salary Slips for last three months.
 For new recruits, a copy of the Appointment Letter along with salary
details.
 Help Desk facility

For Queries relating to Product details,

ATM, Internet Banking, etc.
Call Contact Centre
1800 11 22 11 or 080 26599990
 Proud to be associated with the Indian Railways and
looking forward to cementing our relationship further.

24
Thank you