SBI SGSP 2023, SBI State Government Salary Package (SGSP) for Govt Employees & Application Form. SBI offers its customers a variety of banking and financial services.
Like the bank itself, the services offered have grown and the scope of these facilities has diversified to better serve the customer.
The salary account is one of the many services that the bank offers its customers. SBI has a variety of salary accounts, each developed to benefit a specific group of working professionals. One of these salary accounts is the State Government Salary Package (SGSP).
The is a salary package that was developed keeping in mind the requirements of those employed by State Governments as well as the governmental organisations that employ them. The SGSP package will be applicable only to the permanent employees of all State Governments and Union Territories who maintain their Salary accounts with SBI.
The Concession on Home Loans, Auto Loans and Xpress Credit loans will be available and will be continued thereafter subject to review. The SGSP has 4 variants of the account. The distinction between each of these variants is based on the designation and net monthly income of the account holder. The distinctions are made as follows:
SBI State Government Salary Package
SGSP Variants
SBI Saving Account Number to Regular Government Employee Salary Account Application form Download. SBI SGSP State Government Salary Package for State Govt Employees. SGSP Application Form download, .
Regular Government Employee Salary Account. State Government Salary Package (SGSP) For Permanent Employees Of State Governments And Union Territories With New Customer Type And New Product Codes.
Minimum Balance Required, ATM cum Debit Card, Transactions at ATM, Internet Banking, Cheque Book, Pass Book, Account Statement, Mobile Banking, Car Loan, Home Loan, Xpress Credit details in SGSP State Government Salary Package.
Concession in locker charges
Locker Rent in Rupees at SBI
SBI Locker Rents
ATM cum Debit Card Features
Like the bank itself, the services offered have grown and the scope of these facilities has diversified to better serve the customer.
The salary account is one of the many services that the bank offers its customers. SBI has a variety of salary accounts, each developed to benefit a specific group of working professionals. One of these salary accounts is the State Government Salary Package (SGSP).
The is a salary package that was developed keeping in mind the requirements of those employed by State Governments as well as the governmental organisations that employ them. The SGSP package will be applicable only to the permanent employees of all State Governments and Union Territories who maintain their Salary accounts with SBI.
The Concession on Home Loans, Auto Loans and Xpress Credit loans will be available and will be continued thereafter subject to review. The SGSP has 4 variants of the account. The distinction between each of these variants is based on the designation and net monthly income of the account holder. The distinctions are made as follows:
SBI State Government Salary Package
State Govt Salary Package Variants
| SGSP Variants | Details |
| SGSP Platinum | This variant of the account is offered to those employees whose gross monthly income is Rs.1 lakh and above. |
| SGSP Diamond | This variant of the account is offered to state government employees who have a gross monthly income that ranges between Rs.50,001 to Rs.1 lakh. |
| SGSP Gold | This variant of the account is offered to employees who have a gross monthly income between Rs.20,001 to Rs.50,000. |
| SGSP Silver | This variant of the account is offered to state government employees whose gross monthly income ranges between Rs.5,000 to Rs.20,000. |
SBI Saving Account Number to Regular Government Employee Salary Account Application form Download. SBI SGSP State Government Salary Package for State Govt Employees. SGSP Application Form download, .
Regular Government Employee Salary Account. State Government Salary Package (SGSP) For Permanent Employees Of State Governments And Union Territories With New Customer Type And New Product Codes.
Minimum Balance Required, ATM cum Debit Card, Transactions at ATM, Internet Banking, Cheque Book, Pass Book, Account Statement, Mobile Banking, Car Loan, Home Loan, Xpress Credit details in SGSP State Government Salary Package.
Stage Govt Salary Package Benefits and Features to the Employer:
- Hassle-free account opening process. On request, our officials will visit your premises to on-board your employees. Employees can also opt to open their accounts online or by visiting the nearest branch.
- A convenient way to manage salaries across a large number of centres, through the Bank’s award-winning Corporate Internet Banking.
- Online facilities reduce paperwork and salary administration cost. Enjoy instant credit of salaries to your employees’ accounts.
- Zero charge for salary disbursement.
- Equipping your employees with a power-packed Salary Account that is trusted by the largest organisations in India.
SGSP Benefits to the Employee
- Zero balance account and free unlimited transactions across ATMs of any Bank. Also comes bundled with SBI Credit Card.
- Complimentary Personal Accident Insurance (Death) cover up to Rs. 20 Lakhs.
- Complimentary Air Accident Insurance (Death) cover up to Rs. 30 Lakhs.
- Avail of Personal Loans, Home Loans, Car Loans and Education Loans at attractive rates and upto 50% off on processing fees.
- Upto 25% off on locker charges
- Avail of Auto-Sweep to create e-MODs (Multi Option Deposits) and earn higher interest.
- Avail of Demat & Online Trading A/c at the time of on-boarding itself.
- Free issuance of Drafts,
- Multi City Cheques: (Payable at par at all Branches): Cheque Leaf charges: NIL and Payment Charges: NIL
- SMS Alerts: SMS Facility is Free.
- Setting up SIs are Free
- Free online NEFT/RTGS: Unlimited Free through Alternate Channels(i.e. Internet Banking, Mobile Banking etc)
- Demand Draft: Unlimited Free, if issued through Salary Account
- Overdraft equivalent to 2 Months Net Salary (Currently available for select customers only)
- Earn points on various transactions through our loyalty program SBI Rewardz.
- Host of regular offers on Debit Cards and YONO by SBI
Attractive Interest Rates on Retail Loans
- SBI Car Loan Scheme: 50 bps concession, i.e. 75 bps above 1 year MCLR, i.e.9.30% p.a*
- Personal Loan Scheme: Interest Rate starts from 12.00% with daily reducing balance (Term Loan) Over Draft Rate of Interest starts from 12.50 %
- Special concessions of 0.50% in Rate of Interest for personal Loan where Check off is provided from DDO (Salary Disbursing officer) and for personal loan above 10.00 Lacs.
- Educational Loan– upto 7.50 Lacs 10.55% (Without security) and above 7.50 lacs 10.80% (with security and collateral/Mortgage)
- Interest Concession for Girl Student-0.50% interest concession in interest rate and another 0.50% Interest concession for availing SBI Rinn Raksha policy for loan amount.
- SBI Scholar Loan Scheme: 8.75% for AA Institutes and for IIMs/IITs 8.90%.
- SBI Global Ed-vantage Scheme (Foreign Education Loan) – Above 20.00 Lacs & upto 1.50 crores interest starts from 10.80% with 0.50% concession for girl students and 0.50% Interest concession on availing Rinn Raksha policy for loan amount.
- Take over Collateralised Education Loans for above 10.00 Lacs from private Banks and private Institutions.
- Home Loans: For purchase of Flats/construction of House and purchase of Plot (N.A Land) and Loan on Property with lowest rate of interest in the market.
Concession in locker charges
Locker Rent in Rupees at SBI
| Size | Metro & Urban | Rural & Semi Urban |
|---|---|---|
| Small | 1500 | 1000 |
| Medium | 3000 | 2000 |
| Large | 6000 | 5000 |
| Extra Large | 8000 | 7000 |
ATM cum Debit Card
- Issued to those account holders who consenttoissuance of International Debit Card
- No annual maintenance charges
- Add on card for spouse free of cost for joint account holder
- Transactions at ATMs:
- (a) State Bank ATMs: Unlimited Free
- (b) Other Bank ATMs: Unlimited Free
| Classic Debit Card | Gold Debit Card | Platinum Debit Card |
|---|---|---|
| Free, Domestic Classic Debit Card | Free, International Gold Debit Card | Free, International Platinum Debit Card |
| Withdrawal limit per day Max. Rs.20,000/-per day | Withdrawal limit per day Max. Rs.50,000/-per day | Withdrawal limit per day Max. Rs.1,00,000/- per day |
| Transactions limit per day at POS/ Merchant Establishments Rs.50,000/- | Transactions limit per day at POS/ Merchant Establishments Rs.2,00,000/- | Transactions limit per day at POS/ Merchant Establishments Rs.2,00,000/- |
What is a Salary Package account?
Salary Package account is a special saving account offered to salaried customers which provide unique benefits and services, as well as seamless access to the most advanced and secure Net Banking and Mobile Banking services. For more details, please visit the Salary Account
What are the benefits of a Salary Package account?
Each Salary Package account offers unique benefits and services to the customers. Here are a few benefits of our Salary Package Account:
Zero Balance Account
No Monthly Average Balance charges
Employee Reimbursement Account
Auto Sweep Facility
Lifetime Free Debit Card with exclusive benefits
Free unlimited transactions across any Banks’ ATMs
Free Demand Draft
Free Multi City Cheques
Free NEFT/ RTGS
Free SMS Alerts
Complimentary Personal/ Air Accident Insurance
Best Interest Rates on Personal Loans, Car Loans, Home Loans and Pension Loans
Overdraft facility as per eligibility
Concessions in Locker Charges as per eligibility
Also comes with bundled SBI Credit Card
What is State Government Salary Package?
State Government Salary Package (SGSP) is a special saving account offered to employees of State Govt. / Union Territories and permanent employees of Corporations/ Boards, etc. in States/ Union Territories, including Teachers/ Professors of aided Schools, Colleges, Universities, etc. For various privileges under SGSP, please visit Salary Account.
Who Can Avail State Government Salary Package (SGSP)
Employees of State Govt. and Union Territories and permanent employee of Corporations/Boards, etc. in States in Union Territories, Including Teachers/Professors of aided School, Colleges, Universities, etc. can avail of Salary Accounts under State Government Salary Package (SGSP)
SGSP State Government Salary Package for State Govt Employees:
e-Circular: PBBU – CORPORATE AND INSTITUTIONAL TIE-UPS. Sl. No: 691/2010-11 and Circular No: NBG/PB/C&ITU-CSP/30/2010-11, Dated:12-11-2010.
Personal Banking Business Unit Corporate And Institutional Tie-Ups New Product: State Government Salary Package (SGSP) For Permanent Employees Of State Governments And Union Territories With New Customer Type And New Product Codes
SBIs are offering a new customized package, the State Government Salary Package (SGSP) to employees and officials of all State Governments and Union Territories, details of which are contained in Annexure I and II.
The concessions detailed in the package will be applicable only to the permanent employees of all State Governments and Union Territories who maintain their Salary accounts with SBI.
The Concession on Home Loans, Auto Loans and Xpress Credit loans will be available and will be continued thereafter subject to review. The concessions proposed under the above tie-up will not be in addition to concessions available under tie-ups with builders, the special pricing structure for High-Value Housing Loans, festival/mega bonanza offers, fairs /exhibitions /other promotional campaigns etc.
The margin on Housing Loan will be in line with risk-based premium/ discounted interest rates. All other terms and conditions of the scheme(s) will be complied with.
Convert in to State Government Salary Package-SGSP
To facilitate mining of information in CBS: a) The Customer Type will be 010215, which needs to be captured while opening/ converting the existing CIF of personnel of State Governments and Union Territories.
b) The Product Codes will be as under:
SGSP Package DetaisProduct Name Product Codes SILVER 1096- 1431 SBCQ- SGSP-PUBIND-SILVER-INR DIAMOND 1096-1451 SBCQ-SGSP-PUB-DIAMOND-INR GOLD 1096-1441 SBCQ-SGSP-PUBIND-GOLD-INR PLATINUM 1096-1461 SBCQ-SGSP-PUBIND-PLATINUM-INR
The Package will come in four variants, which will be distinguished by the designation of the employees rather than their salaries. (Refer Annexure I)
As regards Account opening:
- a) KYC formalities would have to be completed by the branch concerned as usual and
- b) The branches will have to upload the mandatory 8 Fields as per extant instructions
All new accounts should be opened with Non-Personalised Welcome Kits (NPWKs). Please ensure that adequate supplies of NPWKs are requisitioned. Non-availability of NPWKs should however not be a reason for the delay in the opening of accounts.
The existing accounts of employees of State Governments and Union Territories opened as ordinary Savings Account or CSP accounts can be converted into SGSP accounts. Please obtain an application from the individual account holders as per Annexure III requesting for the conversion of existing accounts to SGSP.
Strategies for Marketing:
i) A formal offer letter to be addressed to the Chief Secretary, Government of, with a copy to the Principal Secretary, Finance. The offer should be made personally by the Circle Chief General Manager or NetWork GM, with an emphasis on supporting the State’s IT initiatives of electronic salary uploads, Easy Pay cards to substitute all cash disbursements, other vendor payments,
ii) The DGM/ AGM Government Business, DGM/AGM PBBU and AGM IT should follow up this meeting with presentations on CINB, the benefits of SGSP (an offer unmatched by other banks), the advantages of Inter Core funds transfers as compared to NEFT, et These strategies have been implemented successfully by Bhopal Circle.
iii) Mapping of branches with offices of State Governments and Union Territories.
iv) Designating a suitable Officer as a Relationship Manager for the State Government/ UT as a contact point for banking related issues and also for undertaking the marketing of SGSP.
v) Appropriate Publicity material on the lines of “Z Cards” or leaflets to be printed locally, detailing the features of SGSP and other relevant retail assets and liability prod This should be distributed at their offices. vi) Kindly arrange to set up Account Opening Help Desks in their Offices, on pre-determined
vii) Kindly review the need for new branches/ relocation of existing branches/ their renovation and most importantly, the requirement of additional ATMs to service the needs of the employees of State Governments and Union Territories.
viii) Please arrange to publicise the scheme extensively through all available local media. Display of posters, banners, gates, etc may be used extensively at their locations.
Please arrange to advise the operating units under your control to open accounts/ convert existing accounts of permanent employees of State Government and Union Territories under SGSP.
The scale of the initiative being massive and so also its business implications, we request that your personal attention is bestowed on monitoring opening of accounts under SGSP.
SGSP Package Variants:
The product will be offered in 4 variants as under:
A) State Government Salary Package – Silver
B) State Government Salary Package – Gold
C) State Government Salary Package – Diamond
D) State Government Salary Package – Platinum
SGSP Package
STATE GOVERNMENT SALARY PACKAGE: (Base Rate: 7.60 %)
For SGSP Silver, Gold, Diamond and Platinum
- Minimum Balance Required: NIL.
- Lifetime Unique Account Number (UAN): Available.
- Internet Banking: Free facility offered from SBI. Charges applicable to third party sites like Railways etc payable.
- Core Power
- (a)Transactions at Non-home branches: Free for SGSP account holder
- (b)Transfer of funds between SBI branches: Free for the SGSP account holder, however, charges as applicable to beneficiary account holder will be levied for amounts above Rs. 20,000/-
- Multi-City Cheques (Payable at par at all Branches with a cap of Rs 2 lac per cheque):
- Cheque Leaf charges: NIL
- Payment Charges: NIL
- Transaction Charges: NIL
- Easy Overdraft up to 2 Month’s Net salary, subject to min residual service of 6 months:
- Rate of interest : 8.25 % above Base Rate (presently 7.60% p.a.) i.e.15.85% p.a currently.
- Overdraft limited to 2 month’s Net Salary.
- Adjusted from the next salary (ies) within a period of 6 months.
- Can be converted into a personal loan on the application, repayable within 48 months at attractive rates of interest.
- Preferential allotment of Lockers: Available
- Account statement on email: Free
- Preferential allotment through the Internet: Free of Cost (as per the present scheme)
- Savings Plus (Auto Sweep Facility) Threshold Amount: Rs. 15,000 TDRs/STDRs to be created for a minimum amount of Rs. 10,000 (and in multiples of Rs. 1,000) in any one instance.
- Passbook Available for all accounts: Free updating at Non-Home Branches
- Concession in the margin on Home loan (up to Rs 50 lacs only) and Car Loan ( new Cars only): 5%
- eZ trade (3- in-one account: Demat, share trading and Savings A/c): 1st year Demat Account opening Charges of Rs.400/- waived
- Mobile Banking: Free
- Gold Coin: 1% concession on card rate for purchase of 2, 4, 5, 8, 10, 20 and 50 gm denominations. An additional concession of 0.5% on card rate will be available during festivals/ campaigns. Total concession not to exceed 1.5% on Card Rate.
- Margins after concession should not be less than 10 %. The margin on Housing Loan will be in line with risk-based premium/ discounted interest rates
SGSP Silver Package Details
SGSP Silver Package DetailsSGSP Silver Silver Eligibility Class 4 Employees like., Peons, sub- staff ATM cum Debit Card Free.
Unlimited number of transactions.
Domestic Card Maestro.
No annual maintenance charges.
Add on card for spouse free of cost for joint account holder.
NAEffective date of PAI cover will be advised for Silver, Gold and Diamond. Platinum account holders with International Platinum Cards are already covered. Rs 1 lacs Personal Accident Insurance cover Transactions at ATM Any number of transactions subject to a maximum limit of Rs 40,000/- per day.
Free at all SBI ATMs Cash withdrawal from ATMs of banks other than SBI more than five times in a month will attract levy of service charges as per RBI directives.Concession in locker charges Nil SBI Vishesh Status Not Available
SGSP Gold Package Details
SGSP Gold Package DetailsSGSP Gold Gold Eligibility Class 3 Employees
like… Teachers, Lower Divisional Clerks, Upper Divisional Clerks, excl. PoliceATM cum Debit Card Free.
An unlimited number of transactions.
International Gold Debit Card. (Master Card or Visa)
No annual maintenance Charges Add on the card for spouse free of cost for the joint account holder.
Rs 2 lacs limit for Point of Sale/ Merchant EstablishmentsEffective date of PAI cover will be advised for Silver, Gold and Diamond. Platinum account holders with International Platinum Cards are already covered. *Rs 4 lacs Personal Accident Insurance cover Transactions at ATM Any number of transactions subject to a maximum limit of Rs.1,000 per day (Rs 50,000/- in India) for International Card
Free at all SBI ATMs Cash withdrawal from ATMs of banks other than SBI more than five times in a month will attract levy of service charges as per RBI directives.Concession in locker charges Nil SBI Vishesh Status Not Available
SGSP Diamond Package Details
SGSP Diamond Package DetailsSGSP Diamond Diamond Eligibility Class 2 Employees
i.e. Gazetted Officers, Asst Directors etcATM cum Debit Card Free.
An unlimited number of transactions.
International Gold Debit Card. (Master Card or Visa)
No annual maintenance charges.
Add on the card for spouse free of cost for the joint account holder.
Rs. 2 lacs limit for Point of Sale/ Merchant EstablishmentsEffective date of PAI cover will be advised for Silver, Gold and Diamond. Platinum account holders with International Platinum Cards are already covered. *Rs 4 lacs Personal Accident Insurance cover Transactions at ATM Any number of transactions subject to a maximum limit of $ 1,000 per day (Rs 50,000/- in India) for International Card
Free at all SBI ATMs Cash withdrawal from ATMs of banks other than SBI more than five times in a month will attract levy of service charges as per RBI directives.Concession in locker charges Nil SBI Vishesh Status Not Available
SGSP Platinum Package Details
SGSP Platinum Package DetailsSGSP Platinum Platinum Eligibility Class 1 and Executive Grade 1
i.e. Commissioners, Collectors, HOD, Directors, PS, SecretaryATM cum Debit Card Free.
Unlimited number of transactions.
International Platinum Debit Card. (Master Card or Visa) No annual maintenance charges.
Add on card for spouse free of cost for joint account holder.
Rs. 2 lacs/ USD 4000/- limit for Point of Sale/ Merchant EstablishmentsEffective date of PAI cover will be advised for Silver, Gold and Diamond. Platinum account holders with International Platinum Cards are already covered. Rs 5 lacs Personal Accident Insurance cover Transactions at ATM Any number of transactions subject to a maximum limit of Rs.2,000 per day day (Rs 1,00,000/- in India) for Platinum
International Card Free at all SBI ATMs Cash withdrawal from ATMs of banks other than SBI more than five times in a month will attract levy of service charges as per RBI directives.SBI Vishesh Status Available Concession in locker charges 25 % as applicable for SBI Vishesh
Interest Rates
Proposed Interest rate concession: (Base Rate : 7.60 %)
Housing Loans Floating Interest Rates
Housing Loans Floating Interest RatesInterest Rates Card Rates A. Up to & including Rs.30 Lacs a. Up to 5 Years: 1.75 % p.a. above Base Rate. Current Effective rate:9.35% p.a b. Above 5 Years and up to 15 Years 2.00 % p.a. above Base Rate. Current Effective Rate : 9.60% p.a c. Above 15 Years and up to 25 Years 2.25 % p.a. Above Base Rate. Current Effective Rate : 9.85 % p.a B. Above Rs. 30 Lacs & up to Rs.75 Lacs a. Up to 5 years 2.25 % p.a. Above Base Rate Current Effective Rate: 9.85 % p.a. b. Above 5 years and up to 15 years 2.50 % p.a. Above Base Rate. Current Effective Rate: 10.10 % p.a. c. Above 15 years and up to 25 years 2.75 % p.a. Above Base Rate. Current Effective Rate: 10.35 % p.a. C. Above Rs.75 Lakhs a. Up to 5 years 2.25 % p.a. Above Base Rate. Current Effective Rate: 9.85 % p.a. b. Above 5 years and up to 15 years 2.50 % p.a. Above Base Rate. Current Effective Rate: 10.10 % p.a. c. Above 15 years and up to 25 years 3.00 % p.a. Above Base Rate. Current Effective Rate: 10.60 % p.a. FIXED RATE *
(period up to 10 yrs)a. Up to Rs.30 Lakhs 3.25 % p.a. Above Base Rate on the date of reset.
Current Effective Rate : 10.85 % p.a.b. Above Rs. 30 Lakhs 4.25 % p.a. Above Base Rate on the date of reset.
Current Effective Rate : 11.85 % p.a.
Proposed Concession: 50 bps below the applicable card rate on the date of sanction.
Subject to force majeure clause and interest rate reset at the end of every two years on the basis of fixed interest rates prevailing at that time.
Under SBI Easy / Advantage schemes: No interest rate concession during the special offer period where the interest rate is provided at a fixed rate for the first 3 years. Thereafter interest rate will be reset on 3rd-anniversary date of the loan at 50 bps below the rate applicable after completion of 3 years. The concession will be applicable for floating as well as fixed rates loans. The concession of 50 bps will not automatically apply to loans which are specially structured and finely priced.
Car Loans: New Cars only Floating Interest Rates
Car Loans Floating Interest RatesInterest Rates Card Rates SBI Car loan Scheme for a loan below Rs.5.00 lacs Up to 3 years 3.75 % p.a Above Base Rate.
Current Effective Rate: 11.35 % pa.Above 3 Years up to 5 years 3.75 % p.a Above Base Rate.
Current Effective Rate: 11.35 % p.a.Above 5 years and up to 7 years 4.00 % p.a Above Base Rate.
Current Effective Rate: 11.60 p.a.SBI Car loan Scheme for loan of Rs. 5.00 lakhs and above Up to 3 years 3.25 % p.a Above Base Rate.
Current Effective Rate: 10.85 p.a.Above 3 Years up to 5 years 3.50 % p.a Above Base Rate.
Current Effective Rate: 11.10 % pa.Above 5 years and up to 7 years 3.75 % p.a Above Base Rate.
Current Effective Rate: 11.35 % p.a.Car Loans Car loans under special schemes like SBI EZee Car loan and SBI Advantage Car loan scheme where the special interest rate is applicable for a limited period As per Card Rates Xpress Credit As per card rate Margin Housing Loan * Up to Rs.75 lacs: 20%
Above 75 lacs: 25%Car Loan 15% Processing Charges Housing Loan At rates applicable to various slabs Car Loan 0.50% Xpress Credit 1.00 % Security Mortgage of property for housing loan Mode of repayment Check-off facility/ Standing Instructions on Salary Account with 6 post dated Cheques.
Circle CGMs will have discretionary power to reduce the margin on Home Loan above Rs.75 lacs by further 5 % over and above the margins. This discretion will be subject to the proviso that the margin on the Home loan will not go below 10 % after allowing the discretionary concessions. .
SGSP Application Form:
The Branch Manager
State Bank of India Branch
Dear Sir,
STATE GOVERNMENT SALARY PACKAGE – SGSP
REQUEST FOR CONVERSION OF SB ACCOUNT TO SGSP – ACCOUNT AND AUTO SWEEP FACILITY
I maintain a Saving Bank account with your branch and the account number is…… I am presently employed as with and my employee/ personal Number is….. My present address is appended below which may please be incorporated in your records for which I am enclosing a certificate/ letter issued by my employer. I request you to accept it for opening the savings account.
In addition, I am enclosing a copy of (any one of Passport, driving licence, PAN Card, Voter’s Identity Card, etc. or utility bills such as telephone bill, Bank account statement, Electricity bill etc.) satisfying the KYC norms as prescribed by your Bank/ RBI.
2. In this connection I request that my existing account be converted into a State Government Salary Package account with all its special features.
3. As regards converting my account to Savings Plus account: (Please tick in the appropriate box)
4. I do not wish to avail of this facility OR
5. I request you to convert my savings account into a Savings Plus account. In case the response is b: I request you to allow me auto-sweep facility in the said account, should the balance in my account exceed Rs._ (please indicate an amount of Rs.15,000/- or above) as at the end of the day of (please tick)
On weekly basis, each day (e.g. Monday or Tuesday or ……etc), every week.
OR
On monthly basis (e.g. 1st or 2nd or 3rd or ….. etc) of every month beginning from (dd/mm/yy)
I authorise you to transfer the excess amount to a Multi Option Deposit (TD/STD) (please tick) for a period of month/ year(s). I understand that this auto sweep will be done for a minimum amount of Rs.10,000/- and in the multiples of Rs.1,000/- at any one instance. Further, under the reverse sweep facility for breaking of Multi Option Deposit, I authorise you to break the Multi Option Deposit by following the principle of (please tick) “Last in First Out” OR “ First in First Out”.
I confirm that I have read and understood the Terms and Conditions of Savings Plus Account. Payment of proceeds, as well as nomination for the term deposits so made would be as per my/ our Savings Plus Account with you, by debit to which the Multi Deposits would be created.
Since I am presently posted at / is being posted to I request that my account should be transferred to Branch of SBI for ease of operation. (Strike out if not applicable).
Yours faithfully, Name:…… Address……….. Date…………. Place: ………………….
SBI Saving Account Number to Regular Government Employee Salary Account Application:
Date:……….. Place:……….
To
The Branch Manager, State Bank of India,
——————————Branch
——————————-
Respected Sir,
Sub : Requisition to convert my SBI Saving account number to Regular government employee salary account – request regarding.
Sir , I have been working as a Government employee in education department in cadre of ——— —- under ——– Government.
Hence I request you kindly to your gracious presence to convert my saving account number ———– to regular government Employee salary account (SGSP) to enable me to get the benefits announced by RBI of India as early possible.
Thanking You Sir,
Yours Faithfully,
( ),
My office address
———————–
———————–
———————–
Enclosures :
1. Xerox copy of employee I.D .