Key facts
What the official sources publish
Every value below belongs to this exact product. Select a source marker to check its context.
Eligible police categoriesCentral Police Organisations other than CAPF and RPF; state Civil, Armed and Reserve Police; Union Territory police; Government Railway Police; and Homeguard officers, employees or jawans
Source 1Silver-Homeguard variantHomeguard volunteers or jawans who are not regular government employees qualify irrespective of salary or rank
Source 2Regular-employee variantsSilver ₹10,000–₹25,000; Gold above ₹25,000–₹50,000; Diamond above ₹50,000–₹1 lakh; Platinum above ₹1 lakh–₹2 lakh; Rhodium above ₹2 lakh
Source 3Minimum balanceZero-balance account
Source 4Savings interest rate2.50% p.a. across all account balancesEffective 15 Jun 2025
Source 5Employer salary-disbursement servicesOn-site or online onboarding, Corporate Internet Banking salary management, instant salary credits and zero salary-disbursement charge
Source 6SBI ATM transactionsUnlimited transactions across SBI ATMs without charge
Source 7Complimentary insurance maximaPersonal-accident death up to ₹20 lakh, air-accident death up to ₹30 lakh and group-life death benefit up to ₹10 lakh
Source 8Group-life activationDepartment must sign an MOU containing the required employee-data-sharing clause; cover starts only after insurer addition and not before the 22nd of the month following MOU signing
Source 9Loan and locker concessionsSelected personal, home, car and education loans at package rates with up to 50% off processing fees, plus up to 50% off locker charges
Source 10Auto-sweepAvailable to create e-MODs; this page does not publish its thresholds
Source 11Published free servicesDraft issuance, multi-city cheques, SMS alerts and online NEFT/RTGS
Source 12SBI RishteyFamily members may receive differential benefits through SBI Rishtey
Source 13State-level variationPublished benefits are generic and may vary by state; confirm the applicable offering with the home branch or employer
Source 14Activation and continuityHome-branch application with salary and employment proof is required; more than three consecutive months without salary credit converts the account to normal savings and withdraws package features
Source 15Benefits and features
- Zero-balance account with unlimited SBI ATM transactions
- Salary-based regular tiers plus a salary-independent Homeguard variant
- Conditional accident, air-accident and group-life maxima
- Generic loan, locker, sweep, transaction and family-account benefits
Eligibility
- Central Armed Police Forces and Railway Protection Force are excluded because SBI routes them to separate packages.
- Silver-Homeguard is only for Homeguard volunteers or jawans who are not regular government employees.
- Benefits may vary by state and must be confirmed with the home branch or employer.
- Group-life cover requires a department MOU, data sharing and insurer addition.
- More than three consecutive months without salary credit causes conversion to normal savings and withdrawal of package benefits.
Passing a listed condition does not mean the bank will approve an application.
Documents the bank lists
- Proof of salary
- Proof of employment
- Police Salary Package conversion form