State Bank of India (SBI), the country’s largest bank, offers salary accounts with many special benefits. If you work and open your salary account in SBI, you can avail all kinds of facilities and benefits. This salary account is especially available for Central Government, State Government, Defense Forces, Paramilitary Forces, Police Forces, Corporate/Institutions etc. It provides access to advanced and secure net banking and mobile banking services. Let us know what are its benefits.
Unlimited free transactions from any bank’s ATM
According to the official website of SBI, SBI salary account is a zero balance account. Unlimited transactions from any bank’s ATM in India are absolutely free. This account holder gets free personal accident insurance (death) cover up to Rs 40 lakh. Additionally, free air accident insurance (death) cover up to Rs 1 crore is also available. Apart from this, you also get the benefit of Personal Loan, Home Loan, Car Loan and Education Loan at attractive rates.
These services are also absolutely free
SBI salary account holders get up to 50% discount on annual locker rent. You can take advantage of auto-swipe to make e-MOD (Multi Option Deposit) and earn higher interest. Additionally, one can avail the benefits of Demat and online trading accounts at the time of on-boarding. Not only this, you can continue to do drafts, multi city cheques, SMS alerts for free. You can transfer funds online through NEFT/RTGS for free. One can earn points on various transactions done through the loyalty program SBI Rewards. You can take advantage of regular offers by SBI on debit card and YONO app.
know this
If monthly salary is not credited to your salary account for more than three consecutive months, the account will be converted into a normal savings account and all the facilities provided under the salary package will be withdrawn. Also, all charges will be levied as per normal savings bank account.
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