Key facts
What the official sources publish
Every value below belongs to this exact product. Select a source marker to check its context.
Eligible employeesEmployees of Indian Railways, Kolkata Metro and Konkan Railway Corporation
Source 1Railway pay-band variantsSilver levels 1–4; Gold 5–7; Diamond 8–9; Platinum 10–13A; Rhodium 14 and above
Source 2Minimum balanceZero-balance account
Source 3Savings interest rate2.50% p.a. across all account balancesEffective 15 Jun 2025
Source 4Employer salary-disbursement servicesOn-site or online onboarding, Corporate Internet Banking salary management, instant salary credits and zero salary-disbursement charge
Source 5SBI ATM transactionsUnlimited transactions across SBI ATMs without charge
Source 6Accident 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 2024
Source 7Permanent partial disability coverUp to ₹80 lakhEffective 4 Jan 2025
Source 8Group term lifeDeath benefit up to ₹10 lakh, only after the department signs the required MOU and supplies employee data for insurer addition
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 the linked SBI Rishtey family savings account
Source 13Activation 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 14Benefits and features
- Zero-balance account with unlimited SBI ATM 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