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
Group ‘D’ Peons/ Gangmen
To Supervisor/ Superintendent
Gold
Silver
Railway Salary Account – USPs
No Minimum Balance
Auto Transfer to
RD & SIP
SBI Vishesh
Unique Life Time
A/c No.
Value
Free ATM cum
Debit Card
Proposition
Demat and
Online Trading
Free Internet Banking
RTGS & NEFT facility
Free Mobile Banking
Free Core Power
Free Multi City Cheques
And Free Drafts
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
ISSUED
WITHDRAWAL PERSONAL
LIMIT
ACCIDENT
INSURANCE
COVER*
TRANSACTION
LIMIT AT PoS
SILVER
Domestic
Rs. 40,000/-
Rs. 1 lac
Rs. 50,000/-
GOLD &
DIAMOND
International
Gold
Rs. 50,000/-
Rs. 4 lacs
Rs 2 lacs
PLATINUM
International
Platnium
Rs. 1,00,000/-
Rs. 5 lacs
Rs 2 lacs
 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
Rs 1,000/- on issue of cheque and withdrawal through ATM
 Save penalties on premature payment of entire TDR.
of
RTGS/ NEFT
Free transfer of Funds through RTGS/ NEFT
You Save Charges as mentioned below:
RTGS
NEFT


Amount
Service Charges
Rs 2 lac to Rs 5 lac
Rs 25/-
Above Rs 5 lac
Rs 50/-
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
Rates
Concession in Processing
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
 Savings Plus
(Sweep & Reverse Sweep)
Funds Transfer
 Core Power
 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.
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Thank you