New SBI Salary Account Package for Central Government Employees in 2026: Full list of benefits

Public sector banks like State Bank of India (SBI) have started offering salary packages for central employees across all cadres.

The benefits under the SBI Salary Package for employees vary as follows, based on the monthly salary credited to their salary accounts:

• Silver: ₹10,000 to ₹25,000

• Gold: >₹25,000 to ₹50,000

• Diamond: >₹50,000 to ₹1 lakh

• Platinum: >₹1 lakh to ₹2 lakh

• Rhodium: >₹2 lakh

• Royale: All IAS, IPS, and Indian Forest Services (IFS) officers

Banking services features

Minimum balance: No minimum balance required

Instant overdraft facility online and offline: Up to ₹35 lakh.

Sweep In -Out facility: Threshold amount ₹50,000; TDRs/STDRs to be created for a minimum amount of ₹15,000 and in multiples of ₹5,000 thereafter

IMPS/ RTGS/ UPI/ SMS: Zero charges

Demand Draft: Free for unlimited number of drafts, if debited through salary account

Cheque facility: 25 Free Cheque Leaves per month

Concession in locker charges: 50% for Diamond variant onwards.

Concession in processing and documentation charges on housing, car, education, personal and other retail loans:

• SBI Personal loan (erstwhile Xpress Credit): 50%

• Home Loan: 100% in case of builder tie-up cases

• Car loan: 50% or minimum ₹ 500 (whichever is higher)

Interest rate concession on housing, car, education, personal and other retail loan

• Employee net monthly income up to ₹1,00,000: 1.00% concession

• Employee net monthly income above ₹1,00,000: 2.50% concession

Card rate = MCLR for two years (8.85%) + Spread as per CIBIL range

• 0.10% concession on home loan interest, subject to the floor rate, which is 7.5% at present.

Concession in SBICAP Securities Demat account fees

• First year: Free

• Second year onwards: 50% of annual maintenance charge applicable

Family Banking Benefits

Family banking benefits are available for employees with a net salary greater than ₹25,000. Spouse, children, parents and siblings are eligible to open “SBI Rishtey” – Family Saving Bank account. Maximum four accounts may be opened under this facility with following benefits:

• Zero minimum balance account

• Issuance of Free Debit Card

• Unlimited free Multicity Cheque Book (25 cheque leaves per month)

• Free accidental insurance cover of ₹5 Lakh x4 members. Total up to ₹ 20 lakh (except minors)

• Free online RTGS/NEFT transactions

• Free demand draft issuance, if debited through “SBI Rishtey” account

• 10% concession on annual lockers rental

• Auto sweep facility for higher rate of interest (optional, on request).

SBI Rishtey facility will continue till the salary account relationship is maintained.

Debit Card Offers

Free RuPay Platinum Debit Card for Gold customers

Free RuPay Platinum Debit Card for Diamond customers

Free RuPay Select Debit Card: For Platinum and above customers

Debit card annual maintenance: Free

Number of free ATM transactions in a month: Unlimited free number of transactions on all SBI network ATMs. As many as 10 free transactions (including financial and non-financial) per month, at all non-SBI ATM networks

For Gold customers holding RuPay Platinum Debit Card: 1 free domestic lounge visit a quarter, no free international lounge access

For Diamond customers holding RuPay Platinum Debit Card: 2 free domestic lounge visit a quarter, no free international lounge access

For Platinum and above customers holding RuPay Select Debit Card: 3 free domestic and international visits each per quarter.

Other benefits on ATM: Personal accident and permanent disability insurance worth ₹ 10 lakh (With PoS condition 45 days) and other insurance and lifestyle benefits.

Credit Card Offers

Credit card from SBI Card will be offered as per the net monthly salary credit under central government salary package:

Insurance Benefits

Free Personal Accident Death Insurance: ₹1 crore for all CGSP account holders and ₹1.3 crore for account holders under the Royale variant

Free Air Accident Insurance: ₹1.6 crore for all CGSP account holders and ₹1.9 crore for account holders under Royale variant.

Free Permanent Total Disability Cover: Up to ₹1 crore for all CGSP account holders and up to ₹1.3 crore for account holders under Royale variant

Free Permanent Partial Disability Cover: Up to ₹80 lakh for all CGSP account holders and up to ₹1.1 crore for account holders under Royale variant.

Free ADD on covers for girl child education/marriage, air/ambulance charges, etc (available only if Personal Accidental Insurance (PAI) (death) claim is found admissible).

Free Term Life Insurance cover: ₹ 10 lakh for all CGSP account holders and ₹ 20 lakh for account holders under Royale variant

Term Life Insurance add-on cover (cost to be borne by account holder): ₹10 lakh to maximum of ₹1 crore subject to capping of 10 times of Annual CTC.

According to SBI, the add-on cover will be as per the eligibility of the member and the annual premium as per age band.

Wellness Program/Benefits/Annual Health Check-up: Available for accountholders having RuPay Select Debit Card.

• Base Health insurance (Sapphire Classic) up to ₹5 lakh and provided by SBI General Insurance Company. The Base health insurance cover is being offered by SBI General Insurance Company Ltd.

• Super Top-Up Health Insurance (Sapphire Super Top-Up) up to Rs 50 lakh cover with ₹5 lakh deductible available and provided by SBI General Insurance Company.