SBI offers a Salary Package Account with various benefits for employed individuals. The account provides access to Net Banking & Mobile Banking and offers additional services not available to regular customers. All Government & Private Sector Employees are eligible to open an SBI Salary Package Account.
There are different types of SBI Salary Package Accounts based on the employee’s salary range:
- Rhodium category for salaries exceeding Rs.2 lakh
- Platinum account for salaries between Rs.1 lakh and Rs.2 lakh
- Diamond category for salaries between Rs.50,000 and Rs.1 lakh
- Gold section for salaries between Rs.25,000 and Rs.50,000
- Silver category for salaries between Rs.10,000 and Rs.25,000
Each category offers different benefits that can be availed of without additional cost.
The salary account holders receive insurance coverage, with the premium paid by the bank. In case of the account holder’s death due to any accident, the family will receive Rs. 30 lakh as insurance.
Additionally, the debit card also provides insurance coverage, with an additional Rs. 10 lakh in case of accidental death.
The total coverage for the family in case of an accident is Rs. 40 lakh, which will be provided within 15 days of a claim. In the event of permanent disability due to an accident, the bank will pay Rs. 30 lakh.
Furthermore, salaried account holders are also provided with air accidental insurance coverage up to Rs. 1 crore, regardless of the account category.
Additionally, the ATM card also offers air accidental insurance coverage, with the coverage amount varying based on the type of card.