What is the benefit of SBI salary account?
Apart from these, free issuance of drafts, multi city cheques, SMS Alerts, free online NEFT/RTGS, free unlimited transactions across ATMs of any bank are some other benefits being given by the SBI to its salary account holders.
What is benefits of salary account?
However, there are certain common benefits that come with a Salary Account – zero minimum balance, free cheque book / passbook / e-statements, Debit Cards, NetBanking, Phone Banking, online fund transfer, Demat Account/services, loan conveniences, Credit Card offers, utility bill payments, etc.
Which bank is best for Defence salary account?
HDFC Bank
Catering specifically to defence personnel in the country, HDFC Bank has rolled out the Defence Salary Account. The HDFC Bank Defence Salary Account is a zero balance savings account that comes with the benefit of a free Personal Accidental Death cover upto Rs. 5 lakh and an Air Accidental Cover upto Rs. 25 Lakh.
How can I get overdraft facility in SBI salary account?
In order to be eligible for availing SBI overdraft facility against salary, ensure that you should have atleast 6 months of residual service and have regular salary credits with SBI. To qualify for SBI overdraft limit , minimum 3 salary credits are required.
What is PMSP account?
One such salary account is the Para Military Salary Package (PMSP). The PMSP is extended to those individuals who are employed in various sectors of the country’s Central Para Military Forces. The account is offered to the following groups: Central Industrial Security Force (CISF) Central Reserve Police Force (CRPF)
Can I have two SBI accounts?
Is it possible to have more than one SBI savings account? You can have different types of accounts in SBI (like savings, current, etc.) but with the same customer ID. All the accounts will be interlinked.
Which salary account is best?
Best Salary Account in India 2021
- HDFC Regular Salary Account.
- Axis Bank Prime Salary Account.
- SBI Corporate Salary Package.
- Kotak Platina Salary Account.
- Citibank Suvidha Salary Account.
Which is better SBI or HDFC?
Lowest Interest rate of SBI Loan is 11.20%, which is lower than the lowest interest rate of HDFC Bank at 11.90%. SBI offers Business Loan upto an amount of ₹ 100 Cr, while HDFC Bank offers Loan upto an amount of ₹ 50 Lakh. Therefore, SBI can be a better option if you are looking for a high value amount.
What is full form of PMSP?
SSB has introduced in association with State Bank of India a benefit scheme for SSB employees having salary Accounts in SBI in the name of Para Military Salary Package (PMSP).
How do I use my PMSP gold ATM card?
How it works
- Open the sbi pmsp gold atm card apply online and follow the instructions.
- Easily sign the pmsp atm card with your finger.
- Send filled & signed pmsp gold atm card application form pdf or save.
What are the benefits of PMSP account SBI?
The account comes with the auto-sweep facility that the account holder can activate to the multi-option deposits offered by the bank. This facility allows account holders to earn a higher rate of interest on their salary account. SBI offers PMSP customers with a complimentary personal accident and air accident insurance coverage.
Is there overdraft facility for PMSP account?
The PMSP gives account holders the privilege of obtaining a 25% concession on locker rental fees. Select account holders can avail the bank’s overdraft facility which allows account holders the benefit of drawing up to 2 months of their net monthly income.
Is the PMSP account a zero balance account?
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.
Is the PMSP account still active after retirement?
The features and benefits associated with the account continue to remain active for individuals employed with paramilitary forces even after they have retired and use the PMSP to draw their pension. Employers have the benefit of using the SBI’s internet banking facilities for salary disbursal.