Salary Accounts under
Central Government Salary Package (CGSP)
Regular employees of Ministries and Departments of Central Government
Note 1: Benefits under salary package are subject to classification of Savings Bank Account to respective Salary Package and Variant in banks system. All Customers Drawing Salary through SBI Accounts are required to apply along with proof of Salary and Proof of employment to their home branch for conversion of savings account to respective Salary Package/Variant (Conversion Forms). Account holders are required to verify classification of their accounts under respective package/variant from the name of package / variant printed on first page of their bank passbook / statement.
Note 2: In case, monthly salary is not credited into the account for more than 3 consecutive months, the account will be converted to normal savings account and all the features offered under Salary Package will stand withdrawn. All the Charges shall be levied as applicable to normal Savings Bank Account.
Note 3: The Salary Package is being offered to the employees by the Bank as a comprehensive solution for the purpose of providing various banking services and associated features are not intended for mobilization of deposits from them.
Note 4: Central Government Salary Package - Autonomous bodies are mandatorily required to sign Memorandum of Understanding with SBI for availing Complimentary Group Term life Insurance and related salary benefits.
