1. PRESENTATION ON RAILWAY SALARY PACKAGE BY STATE BANK OF INDIA
WELCOME
PRESENTATION ON RAILWAY SALARY PACKAGE BY STATE BANK OF INDIA

3. PRESENTATION ON RAILWAY SALARY PACKAGE

4. 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

5. Railway Salary Package
Four Variants…
RSP variant allotment according to grade of employee
Platinum
Diamond
Gold
Silver
Principal HOD, GM,
Member of Railway Board
Grade Officer, JAG Officer
H.O.D.
Junior Scale Officer, Senior Scale Officer
Group ‘D’ Peons/ Gangmen
To Supervisor/ Superintendent

6. Railway Salary Account – USPs
No Minimum Balance
Auto Transfer to RD & SIP
Unique Life Time
A/c No.
Free ATM cum Debit Card
SBI Vishesh
Value
Proposition
Demat and
Online Trading
Free Core Power
Free Internet Banking
RTGS & NEFT facility
Free Mobile Banking
Free Multi City Cheques
And Free Drafts
Auto Sweep facility to Multi Option Deposits

7. Zero Balance Account No Minimum Balance Requirement
Penalties for non – maintenance of minimum balance
for ordinary Savings Bank Account holder
Rs. 225 per quarter

8. ATM Cards No limit on number of withdrawals from SBI ATMs.
Free ATM cum Debit Card exclusively designed for Railway employees
No limit on number of withdrawals from SBI ATMs.
Free Add on Card available for Joint Account Holders opened on ‘Either or Survivor’ basis
VARIANT
ATM CARD ISSUED
WITHDRAWAL LIMIT
PERSONAL ACCIDENT INSURANCE COVER*
TRANSACTION LIMIT AT PoS
SILVER
Domestic
Rs. 40,000/-
Rs. 1 lac
Rs. 50,000/-
GOLD & DIAMOND
International Gold
Rs. 4 lacs
Rs 2 lacs
PLATINUM
International Platnium
Rs. 1,00,000/-
Rs. 5 lacs

9. Core Power Free transfer of funds within SBI
‘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

10. Free Multi City Cheques
Free Multi City (At par) Cheques
No Cheque Leaf Charges.
No Payment Charges
Payable at over 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

11. 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.

12. RTGS/ NEFT Free transfer of Funds through RTGS/ NEFT
You Save Charges as mentioned below:
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)
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

13. 1 Year Demat Account Opening charges waived.
eZ Trade
1 Year Demat Account Opening charges waived.
You save Rs. 400/-

14. 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

15. Railway Salary Account – Loan Products
Xpress Credit
Miscellaneous
Value
Proposition
Concession in Interest Rates
Concession in Processing Charges
Concession in Margin

16. 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

17. 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

18. 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/-

19. 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…

20. (Sweep & Reverse Sweep) Multi City Cheque ATM Gold Card eZ Trade
Technology Products
Funds Transfer
Savings Plus
(Sweep & Reverse Sweep)
Multi City Cheque
ATM Gold Card
eZ Trade
e-Invest
Mobile Banking
Utility Bills Payments
Core Power
SB Group Transfer
VISA to VISA Card
Master to Master Card
Visa to Master and Reverse
RTGS/NEFT
Railway Ticket Booking

21. 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

22. 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.

23. For Queries relating to Product details, ATM, Internet Banking, etc.
Help Desk facility
For Queries relating to Product details, ATM, Internet Banking, etc.
Call Contact Centre or

24. Proud to be associated with the Indian Railways and looking forward to cementing our relationship further.
Thank you