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Savings, current & salary accounts

Railway Salary Package

A zero-balance salary package for eligible railway employees, with variants assigned by railway pay-band level and dated insurance benefits.

Interest rate2.50% p.a. across all savings-bank account balances, effective 15 June 2025Minimum balanceZero-balance accountSalary requirementSilver levels 1–4; Gold 5–7; Diamond 8–9; Platinum 10–13A; Rhodium 14 and above
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Quick eligibility check

Railway Salary Package

0 of 8 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Do you meet this requirement: Employees of Indian Railways, Kolkata Metro and Konkan Railway Corporation?

Published source: Eligible employees

2Do you meet this requirement: Only employees of the three named railway organisations are included by the reviewed page?

3Do you meet this requirement: The account variant is assigned by railway pay-band level?

4Are you this type of customer: Group term life requires a department MOU, correctly formatted employee data and insurer addition before cover starts?

5Does your annual income meet this requirement: More than three consecutive months without salary credit causes conversion to normal savings and withdrawal of package benefits?

6Document checkDo you have this required document or proof: Proof of salary?

Published source: Eligible employees

7Document checkDo you have this required document or proof: Proof of employment?

Published source: Eligible employees

8Document checkDo you have this required document or proof: Salary-package conversion form?

Published source: Eligible employees
0 of 8 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 12 Aug 2026 · active
Offered byState Bank of India

India; for employees of the named railway organisations and subject to correct RSP classification

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Eligible employeesEmployees of Indian Railways, Kolkata Metro and Konkan Railway CorporationView source
names these three railway organisations on the RSP page.
Source
Railway Salary Package
Page / section
Package introduction
Accessed
12 Aug 2026
Confidence
high
Open official source ↗
Railway pay-band variantsSilver levels 1–4; Gold 5–7; Diamond 8–9; Platinum 10–13A; Rhodium 14 and aboveView source
RSP tiers are based on pay-band level, not the net-salary thresholds used by other packages.
Source
Railway Salary Package
Page / section
Eligibility as per pay band level
Accessed
12 Aug 2026
Confidence
high
Open official source ↗
Minimum balanceZero-balance accountView source
The employee-benefits section identifies RSP as a zero-balance account.
Source
Railway Salary Package
Page / section
Benefits to the Employee
Accessed
12 Aug 2026
Confidence
high
Open official source ↗
Interest rate2.50% p.a. across all savings-bank account balances, effective 15 June 2025Effective 15 Jun 2025View source
official table has one row: ‘Across all account Balances — 2.50% p.a.’ and states that it applies from 15 June 2025.
Source
Savings Bank Deposits — Interest Rates
Page / section
Savings Bank Deposits table — Applicable Interest Rates w.e.f. 15 June 2025
Accessed
29 Aug 2026
Confidence
high
Open official source ↗
Employer salary-disbursement servicesOn-site or online onboarding, Corporate Internet Banking salary management, instant salary credits and zero salary-disbursement chargeView source
These are employer-side package services and do not represent a personal cash payment.
Source
Railway Salary Package
Page / section
Benefits to the Employer
Accessed
12 Aug 2026
Confidence
high
Open official source ↗
Other-bank ATM/ADWM allowance and chargeTen combined financial or non-financial transactions per month at other-bank ATMs/ADWMs in India are free; thereafter a cash withdrawal costs ₹23 + GST and a non-financial transaction costs ₹11 + GST. SBI ATM/ADWM charges are unchanged; cardless cash withdrawal remains unlimited free until further notice.Effective 1 Dec 2025View source
The salary-package row changes the other-bank allowance to ten combined monthly transactions and sets ₹23 plus cash/₹11 plus non-financial charges after the allowance.
Source
Revision in /ADWM Transaction Service Charges
Page / section
Pages 1-2 — salary-package savings accounts at other-bank /ADWMs; cardless-cash exception
Accessed
1 Sept 2026
Confidence
high
Open official source ↗
Accident cover effective 4 September 2024Personal-accident death up to ₹1 crore, air-accident death up to ₹1.60 crore and permanent total disablement up to ₹1 croreEffective 4 Sept 2024View source
labels all three cover maxima effective 4 September 2024; separate insurance terms and claim admissibility apply.
Source
Railway Salary Package
Page / section
Benefits to the Employee
Accessed
12 Aug 2026
Confidence
high
Open official source ↗
Permanent partial disability coverUp to ₹80 lakhEffective 4 Jan 2025View source
The page publishes this maximum separately, effective 4 January 2025.
Source
Railway Salary Package
Page / section
Benefits to the Employee
Accessed
12 Aug 2026
Confidence
high
Open official source ↗
Group term lifeDeath benefit up to ₹10 lakh, only after the department signs the required MOU and supplies employee data for insurer additionView source
Cover starts when the insurer adds the accounts to the policy and cannot begin before the 22nd of the month following MOU signing; full timing and data conditions control.
Source
Railway Salary Package
Page / section
Benefits to the Employee and Note 4
Accessed
12 Aug 2026
Confidence
high
Open official source ↗
Loan 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 chargesView source
The exact loan rate, approval and variant-level concession are not published on this page.
Source
Railway Salary Package
Page / section
Benefits to the Employee
Accessed
12 Aug 2026
Confidence
high
Open official source ↗
Auto-sweepAvailable to create e-MODs; this page does not publish its thresholdsView source
No sweep amount is imported from a different salary package.
Source
Railway Salary Package
Page / section
Benefits to the Employee
Accessed
12 Aug 2026
Confidence
high
Open official source ↗
Published free servicesDraft issuance, multi-city cheques, SMS alerts and online NEFT/RTGSView source
lists these services as free for the RSP package.
Source
Railway Salary Package
Page / section
Benefits to the Employee
Accessed
12 Aug 2026
Confidence
high
Open official source ↗
SBI RishteyFamily members may receive differential benefits through the linked SBI Rishtey family savings accountView source
RSP links Rishtey without restating its detailed eligibility or limits.
Source
Railway Salary Package
Page / section
Benefits to the Employee
Accessed
12 Aug 2026
Confidence
high
Open official source ↗
Activation 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 featuresView source
Benefits depend on correct package and variant classification; normal savings-account charges apply after conversion.
Source
Railway Salary Package
Page / section
Notes 1 and 2
Accessed
12 Aug 2026
Confidence
high
Open official source ↗
Debit cardA debit card is issued free to all SBI Salary Package accounts, subject to the applicable account and card terms.Effective 30 Sept 2025View source
The states: 'Debit Card issued to All Salary Package accounts & Comprehensive Pension Package. Free.'
Source
Service Charges — account facilities and concessions
Page / section
Page 9, D) Debit Card / — Debit Card Issuance Charges
Accessed
29 Aug 2026
Confidence
high
Open official source ↗
Cheque bookSalary Package accounts, including SBI Rishtey, receive cheque books free irrespective of QAB; the published bulk-requirement exception is ₹75 + GST for each 25-leaf book when more than 25 leaves are requested at once or in a month.Effective 30 Sept 2025View source
The says Salary Package Accounts are free irrespective of , except for bulk requirements; bulk means more than 25 leaves at one instance or in a month and is charged ₹75 + per 25-leaf book.
Source
Service Charges — account facilities and concessions
Page / section
Page 3, issue of multi-city cheque books — Salary Package Accounts
Accessed
29 Aug 2026
Confidence
high
Open official source ↗
Non-maintenance chargeNo monthly minimum-balance maintenance charge is applied while the account remains a Salary Package account; if salary is not credited for more than three consecutive months, SBI converts it to a normal savings account and normal savings-account charges apply.Effective 30 Sept 2025View source
The service-charge schedule exempts Salary Package accounts from the applicable maintenance charge. Central Government Salary Package page states that after salary is not credited for more than three consecutive months, the account is converted to a normal savings account and normal charges are levied.
Source
Service Charges — account facilities and concessions
Page / section
Pages 3–5, salary-package concessions and account-facility charges
Accessed
29 Aug 2026
Confidence
high
Open official source ↗
IMPS online-channel waiverSBI waives online IMPS transaction charges for DSP, PMSP, ICGSP, CGSP, PSP and RSP salary-package accounts (including Shaurya Family Pension Accounts), CSP, SGSP and SUSP salary packages, and the SBI Rishtey Family Savings Account.Effective 15 Feb 2026View source
The asterisk footnote expressly waives online charges for the named salary packages and Rishtey; it does not remove the published branch-channel slabs.
Source
Revised Transaction Charges On Or After 15.02.2026 (Retail Customer)
Page / section
Annexure II — salary-package and Rishtey footnote
Accessed
1 Sept 2026
Confidence
high
Open official source ↗
Account typeSalary accountView source
The manually reviewed product name/benefits state: “Salary account”.
Source
Railway Salary Package — official product page
Page / section
Published account type and access benefits
Accessed
12 Aug 2026
Confidence
high
Open official source ↗
Salary requirementSilver levels 1–4; Gold 5–7; Diamond 8–9; Platinum 10–13A; Rhodium 14 and aboveView source
The manually reviewed product name/benefits state: “Silver levels 1–4; Gold 5–7; Diamond 8–9; Platinum 10–13A; Rhodium 14 and above”.
Source
Railway Salary Package — official product page
Page / section
Published account type and access benefits
Accessed
12 Aug 2026
Confidence
high
Open official source ↗
ATM limitsZero-balance account with unlimited SBI ATM transactionsView source
The manually reviewed product name/benefits state: “Zero-balance account with unlimited transactions”.
Source
Railway Salary Package — official product page
Page / section
Published account type and access benefits
Accessed
12 Aug 2026
Confidence
high
Open official source ↗

Benefits and features

  • Zero-balance account with unlimited transactions
  • Pay-band-based Silver through Rhodium variants
  • Dated accident, disability and conditional group-life benefits
  • Generic loan, locker and transaction concessions

Eligibility

  • Only employees of the three named railway organisations are included by the reviewed page.
  • The account variant is assigned by railway pay-band level.
  • Group term life requires a department MOU, correctly formatted employee data and insurer addition before cover starts.
  • More than three consecutive months without salary credit causes conversion to normal savings and withdrawal of package benefits.
  • Insurance and loan benefits remain subject to separate current policy, approval and claim conditions.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

  • Proof of salary
  • Proof of employment
  • Salary-package conversion form

Related official documents

Revision in ATM/ADWM Transaction Service Chargesofficial-service-charge-notice · current · accessed 25 Sept 2026
↗
Revised IMPS Transaction Charges On Or After 15.02.2026 (Retail Customer)official-service-charge-document · current · accessed 1 Sept 2026
↗
Savings Bank Deposits interest ratesofficial-rate-table · current · accessed 11 Aug 2026
↗
SBI Service Charges — account facilities and concessionsofficial-service-charge-pdf · current · accessed 29 Aug 2026
↗

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Account interest estimate

See roughly how much interest a steady account balance could earn over the period you choose.

Interest you may earn₹2,500two thousand five hundred rupees
Balance including interest₹1,02,500one lakh two thousand five hundred rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

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Across all account balances · Interest rate2.50% p.a.

This value is copied from Savings Bank Deposits — interest rate. Check the table notes before relying on it.

Source: Savings Bank Deposits — Interest Rates · Savings Bank Deposits table Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 1 row · 3 columnsSBI Savings Bank Deposits — interest rateOfficial savings-bank rate applicable across account balances.View tableHide table

Scroll sideways to view every column

SBI Savings Bank Deposits — interest rate
Balance scopeInterest rateEffective from
Across all account balances2.50% p.a.15 June 2025
  • The issuer's page states the last update as 14 June 2025; product-specific terms and applicable tax rules still govern each account.
Savings Bank Deposits — Interest Rates · Savings Bank Deposits table · effective 15 Jun 2025 · accessed 29 Aug 2026Open official source ↗
Table 2 · 3 rows · 3 columnsSBI Salary Package account service concessionsRelevant service-charge rows for salary-package accounts, transcribed from SBI's official schedule.View tableHide table

Scroll sideways to view every column

SBI Salary Package account service concessions
ServicePublished concessionException
Debit-card issuanceFree for all Salary Package accountsApplicable account and card terms still apply
Cheque bookFree irrespective of Bulk requirement above 25 leaves: ₹75 + per 25-leaf book
Debit-card annual maintenanceFree for Salary Package accountsRecovered from second year for non-salary variants
  • The table preserves only the salary-package rows relevant to these canonical products; the source contains the wider bank service-charge schedule.
Service Charges — account facilities and concessions · Pages 3 and 9, salary-package cheque and debit-card rows · effective 30 Sept 2025 · accessed 29 Aug 2026Open official source ↗
Table 3 · 5 rows · 4 columnsSBI other-bank ATM/ADWM allowance and chargesCurrent rows from SBI's 1 December 2025 notice. GST is added where the notice says plus GST.View tableHide table

Scroll sideways to view every column

SBI other-bank ATM/ADWM allowance and charges
Account groupFree monthly transactionsCash withdrawal after allowanceNon-financial transaction after allowance
Salary Package savings accounts — all variants10 combined financial/non-financial₹23 + ₹11 +
Current accounts — personal and businessNone₹23 + per transaction₹11 + per transaction
accountsFirst four cash withdrawals; digital transactions excludedExisting charge after four; amount not restated in this noticeNot applicable to the four-cash-withdrawal rule
accountsUnlimited other-bank transactionsFreeNot separately stated
Cardless cash withdrawal at or other-bank /ADWMUnlimited until further noticeFreeFree
  • /ADWM charges for debit-card holders are unchanged by this notice.
  • The reimbursement current account of a Salary Package remains free.
  • The branch-channel notice effective 1 October 2026 separately sets ₹15 + for each cash withdrawal above four per month.
Revision in /ADWM Transaction Service Charges · Pages 1-2 — all account-group rows and exceptions · effective 1 Dec 2025 · accessed 1 Sept 2026Open official source ↗

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