Question: What Is Salary Package Account In SBI?

How can I know my minimum balance in SBI?

Here’s how SBI customers can view the average balances maintained by them in their savings bank account(s) for the current and previous months:Visit and enter your username and password to login.After logging in, the website will display the number of savings account(s) held by you with SBI.More items…•.

What is the benefit of salary account in SBI?

Benefits of SBI salary account The main benefits of the salary account are – Zero balance account and free unlimited transactions across ATMs of any bank, free ATM-cum-debit card, an additional ATM card for the joint account holder, free Internet banking, free multicity cheques etc.

What is the minimum balance for salary account in SBI?

State Bank of India or SBI offers the facility of opening a salary package account, which is a special savings account offered to salaried customers. According to SBI’s website-, a salary package account is a zero balance account. This means that monthly average balance (MAB) rule is not applicable.

Can I convert my SBI savings account to salary account?

Can it be converted to Salary account? Yes. Existing saving account with SBI can also be converted to CSP account. … Four variants, namely Silver, Gold, Diamond and Platinum are available, depending on the level of the employee’s gross monthly salary or Rank/ Designation of the employee.

Which account is best for salary?

The following is the list of best 5 salary accounts available in India:Kotak Platina Salary Account.SBI Corporate Salary Package.HDFC Bank Classic Salary Account.Citibank Suvidha Salary Account.Axis Bank Prime Salary Account.

Which bank is best for Defence salary account?

Defence Salary Account (Power Salute)Personal Accident Insurance Cover of 30 lacs (including Permanent & Partial Disability Cover)Unlimited free cash withdrawals at Axis Bank ATMs and other bank ATMs.Free Power Salute Rupay Platinum Debit Card.Family Banking Program – Share benefits with up to 3 family members.

What is the benefit of PMSP account in SBI?

The PMSP is a zero balance salary account. The account does not require the account holder to maintain a minimum average balance in their account. The account gives account holders the benefit of carrying out free unlimited transactions at all bank ATMs.

Can I convert my salary account to saving account?

If the salary has not been credited to your Salary Account for a certain period of time (usually three months) then the bank will convert your Salary Account into a regular Savings Account with a minimum balance requirement.

What is Defence salary package in SBI?

The SBI Defence Salary Package (DSP) account is meant for Defence personnel of the Army, Navy, Air Force, Indian Coast Guard, Assam Rifles, Rashtriya Rifles (RR) and GREF. Country’s largest public sector bank, State Bank of India offers services not only for civilians but also for defence and paramilitary forces.

Can we open SBI salary account online?

SBI Salary Account: Open & Apply Online.

What is PSP in SBI?

Police Salary Package (PSP)

What is difference between saving and salary account?

A Salary Account is opened by an organization with the purpose of crediting the salary to the employee. A Savings Account can be opened by anyone with Aadhar card to deposit money for the purpose of holding or saving it with the bank. … A Salary Account is created by the employer. Anyone can open a Savings Account.