WELCOME

PRESENTATION ON RAILWAY SALARY PACKAGE

BY STATE BANK OF INDIA

PRESENTATION ON RAILWAY SALARY PACKAGE

RAILWAY SALARY PACKAGEBenefits for Employer

Centralised Salary Administration. Single point salary upload.

One debit and multiple creditsPayment 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 CINBAlternative payment solutions through BC/BF modelSMS alerts for salary credits

Railway Salary Package

Grade Officer, JAG OfficerH.O.D.

Junior Scale Officer, Senior Scale Officer

Platinum

Diamond

Gold

Silver

Group ‘D’ Peons/ GangmenTo Supervisor/ Superintendent

Principal HOD, GM, Member of Railway Board

RSP variant allotment according to grade of employee

Railway Salary Account – USPs

No Minimum Balance

Value

Proposition

Free ATM cum Debit Card

Demat andOnline Trading

Free Internet BankingRTGS & NEFT facilityFree Mobile Banking

Auto Transfer to RD & SIP

Free Core Power

Free Multi City Cheques And Free Drafts

Auto Sweep facility to Multi Option Deposits

Unique Life Time A/c No.

SBI Vishesh

Zero Balance Account

No Minimum Balance Requirement

Penalties for non – maintenance of minimum balance

for ordinary Savings Bank Account holder

Rs. 225 per quarter

ATM Cards

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. 50,000/- Rs. 4 lacs Rs 2 lacs

PLATINUMInternational Platnium

Rs. 1,00,000/-

Rs. 5 lacs Rs 2 lacs

Core Power

‘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

Free Multi City (At par) Cheques No Cheque Leaf Charges. No Payment Charges Payable at over 13000 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

Free Multi City Cheques

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.

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)

RTGS/ NEFT Free transfer of Funds through RTGS/ NEFT

You Save Charges as mentioned below: 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 Rs 25/-

eZ Trade

1 Year Demat Account Opening charges waived.

You save Rs. 400/-

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

Railway Salary Account – Loan Products

Value

Proposition

Xpress Credit

Concession in Margin

Concession in Processing Charges

Concession in Interest Rates

Miscellaneous

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

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

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/-

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…

Miscellaneous

Technology Products

Savings Plus (Sweep & Reverse Sweep)

Multi City ChequeATM Gold CardeZ Tradee-InvestMobile BankingUtility Bills Payments

Funds Transfer

Core PowerSB Group TransferVISA to VISA CardMaster to Master CardVisa to Master and

ReverseRTGS/NEFTRailway Ticket Booking

MOBILE BANKINGFunds Transfer

Up to Rs.50,000 freeEnquiry ServicesBalance enquiryMini statementDemat account servicesRequestsCheque book Mobile Top UpAll networks

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.

Help Desk facility

For Queries relating to Product details, ATM, Internet Banking, etc.

Call Contact Centre

1800 11 22 11 or 080 26599990

24Thank you

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