SBI Salary Bank Accounts: No Minimum Balance And Other Services
SBI or State Bank of India offers zero balance salary accounts to individuals working in companies and institutions including hotels, hospitals and transport corporations. Under its Corporate Salary Package scheme, SBI offers a variety of benefits to salary account holders such as an overdraft facility up to two months of salary. This was said on microblogging site Twitter by India's largest bank SBI. Some of the other features that come with Corporate Salary Package accounts include nil salary disbursement charges, centralised online salary administration and insurance - accidental and health - covers, SBI - which merged its operations with six other banks last month - further said.
Â
Get onboard seamlessly with Corporate Salary Package (CSP) that comes with a range of benefits. For details visit: https://t.co/UH2BawZeiN pic.twitter.com/XxEQNhJrY8
April 28, 2017Get insured in case of untimely death due to an accident or air crash with SBI's Corporate Salary Package (CSP). https://t.co/X8iCIX10H1 pic.twitter.com/IkPgrLYGdq
May 4, 2017
Under the scheme, SBI offers salary accounts in four variants - silver, gold, diamond and platinum - depending on the gross monthly income of employees, SBI said.
Customers of SBI accounts under the Corporate Salary Package scheme are not required to maintain monthly average balance, unlike its savings bank accounts which attract penalty in case of non-compliance.
The salary accounts are provided free facilities such as online NEFT/RTGS transactions, demand drafts and SMS alerts free of cost, apart from unlimited ATM transactions, SBI said.
ÂFrom zero balance to a waiver on various fees, SBI's Corporate Salary Package (CSP) come fully loaded with benefits. https://t.co/XZQYuFu3VA pic.twitter.com/QJi8HGvVbb
May 3, 2017
"The Package can be specially customized depending upon the business relationship that the Corporate/Institution has with the Bank," SBI said on its website.
Here are some of the other features offered by SBI under its Corporate Salary Package, as per its website:
For employers:
Reduced paperwork and salary administration cost
No charges for uploading of salaries
Instant credit of salaries
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
-
Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.
-
The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.
-
Medicine Pricing: Where Must Profit Stop?
India must confront excessive margins, hidden incentives and regulatory gaps that threaten the integrity of medicine.
-
Why Amazon And Flipkart Are Struggling To Beat Meesho In India's Smaller Cities
With 274 million users and lowest-cost logistics, Meesho is defending its value commerce crown against giants like Amazon and Flipkart.
