How to Open Salary Account in SBI? Document Required, Process, etc.

State Bank of India or SBI is the biggest bank in India with more than 14,000 branches in India and 191 branches in 36 foreign countries.

Being the biggest bank, SBI also offers a range of bank accounts like salary account, General Savings account, Current Account, etc.

In this column, we will discuss Salary Account offered by SBI, How to Open Salary Account in SBI? Document Required, Application Process, etc.

But first, let’s find out different types of salary account.

Types of Salary Account

Corporate Salary Package (CSP)

Variants:

Silver: Rs. 10,000 – Rs. 25,000

Gold: Above Rs. 25,000 – Rs. 50,000

Diamond: Above Rs. 50,000 – Rs. 1 lakh

Platinum – Above Rs. 1 lakh

Eligibility:

This type of account will be offered to the Employees of corporate institutions like Hospitals, hotels, IT companies, etc.

Benefit:

• Complimentary Air travel and Personal Accident Insurance Cover (Death) of Rs.30 Lakhs and Rs.20 Lakhs respectively
• Multi-City Cheque book
• 25% discount on locker facility
• SBI Credit card

Central Government Salary Package (CGSP)

Variants:

Silver: Rs. 10,000 – Rs. 25,000

Gold: Above Rs. 25,000 – Rs. 50,000

Diamond: Above Rs. 50,000 – Rs. 1 lakh

Platinum – Above Rs. 1 lakh

Eligibility:

This type of account will be offered to the employee of Ministries and Departments under the Central Government, NABARD and RBI, Defence Civilians, CGDA.

Benefit:

• Complimentary Air travel and Personal Accident Insurance Cover (Death) of Rs.30 Lakhs and Rs.20 Lakhs respectively
• Multi-City Cheque book
• 25% discount on locker facility
• SBI Credit card

State Government Salary Package (SGSP)

Variants:

Silver: Rs. 10,000 – Rs. 25,000

Gold: Above Rs. 25,000 – Rs. 50,000

Diamond: Above Rs. 50,000 – Rs. 1 lakh

Platinum – Above Rs. 1 lakh

Eligibility:

This type of account is offered to the employees of the State Government and union territories and permanent employees of Boards/Corporations, Government Education institutions, etc.

Benefit:

• Accidental insurance cover (death)
• Zero balance account

Indian Railways Salary Package (IRSP)

Variants:

Silver: Rs. 10,000 – Rs. 25,000

Gold: Above Rs. 25,000 – Rs. 50,000

Diamond: Above Rs. 50,000 – Rs. 1 lakh

Platinum – Above Rs. 1 lakh

Eligibility:

This type of account is offered to the employees of Indian Railways, Metro corporations of the various state-operated metro like DMRC, Mumbai Metro, Kolkata Metro, Konkan Railway Corporation & Bangalore Metro Rail Corporation, etc.

Benefit:

• Complimentary Air travel and Personal Accident Insurance Cover (Death) of Rs.30 Lakhs and Rs.20 Lakhs respectively

Defense Forces Salary Package (DFSP)

Variants:

Zero Balance Savings Account

Eligibility:

Employees of Defence personnel of the Army, Navy, Air Force, Assam Rifles, Indian Coast Guard, Rashtriya Rifles (RR), GREF, and Border Road Organisation (BRO)

Benefit:

• Complimentary Air travel and Personal Accident Insurance Cover (Death) of Rs.30 Lakhs and Rs.20 Lakhs respectively

Central Armed Police Salary Package (CAPSP) – Para Military

Variants:

Zero Balance Savings Account

Eligibility:

The employees of CRPF, BSF, NSG, RRB, CISF, and ITBP personals can avail of this account

Benefit:

Complimentary Death cover up to Rs.20 Lakh

Police Salary Package (PSP)

Variants:

Zero Balance Savings Account

Eligibility:

Employees of central police organizations, civil police, armed police, GRP, RPF, PSP, etc.

Benefit:

• Personal and air accidental insurance cover (death)
• Demat and online trading account

Indian Coast Guard Salary Package (ICGSP)

Variants:

Zero Balance Savings Account

Eligibility:

Serving as well as retired Indian Coast Guard Personals

Benefit:

• Personal and air accidental insurance cover (death)
• Demat and online trading account

Documents Required for SBI Salary Account

The following are the documents required for the SBI salary account-

Address Proof

• Aadhaar Card
• Voter ID
• Passport
• Driving License
• Utility Bills (electricity, water, gas, mobile, and telephone)

Identity Proof

• Voter ID
• PAN Card
• Aadhaar Card
• Passport
• ID card issued by central/state government
• Driving License

Mandatory Documents

• PAN Card
• Employment Letter or Joining Letter or salary slip of other accounts

How to Open Salary Account in SBI?

You can open a salary account by visiting your nearest bank branch and asking the bank representative for an application form for a salary account.

Now, fill the application form with correct details and attach all the documents mentioned above, also, make sure you have selected the type of salary account in the form

While filling the form, make sure you have also selected SBI Net banking, SBI Mobile Banking SMS, and SBI Balance inquiry number options are ticked to use them.

After filling the form, submit the application form to the bank representative along with the initial deposit amount.

After your verification and processing of the account are done, your account will be opened and you’ll receive an SBI Account starter’s kit that includes SBI Debit Card, SBI Credit Card, Cheque book, and Passbook.

You cannot open this type of SBI account online, however, you can post your query on the SBI website and the SBI representative will contact you for account opening.

FAQ on SBI Salary Account