State Bank of Travancore or SBT was founded in 1945 as a part of SBI but with private shareholdings. It has now merged with State Bank of India.
The SBI salary accounts offer benefits like:
SBI offers 8 types of salary accounts:
Corporate Salary Package - This is a customizable package to suit the corporate or institution, depending upon its business relationship with the bank. The included institutions include hospitals, hotels, transport corporations, etc. The company must have at least 25 employees earning a gross monthly income of Rs.5000.
Central Government Salary Package - For employees of various ministries or departments of the Central Government, Nabard and RBI.
State Government Salary Package - For employees of the State Government, Union territories, their boards and corporations.
Railway Salary Package - For the employees of Indian Railways, Konkan Railways, Kolkata Metro, Mumbai Metro, Delhi Metro, Bangalore Metro.
Police Salary Package (PSP) - For employees of Central Police Organizations, Armed and Reserved Police of all States, Police Forces of The Union Territories, Civil Police, Railway Protection Force (RPF) and Government Railway Police (GRP.
Defence Salary Package - For serving and retired Defense personnel of Army or Navy or Air Force or Indian Coast Guard or Assam Rifles, as well as Rashtriya Rifles, GREF and Border Road Organization (BRO)
Para Military Salary Package - For serving personnel of the Central Paramilitary Forces such as:
Central Reserve Police Force (CRPF)
Border Security Force (BSF)
National Security Guard (NSG)
Indo Tibetan Border Police (ITBP)
Central Industrial Security Force (CISF)
Sashastra Seema Bal (SSB)
Indian Coast Guard Salary Package (ICGSP) - For serving and retired personnel of the Indian Coast Guard.
Savings Account |
Minimum Balance Required |
Interest Rate |
Debit Card Issued |
Savings Plus Account |
INR 25,000 |
4.00% |
Basic ATM-Debit Card |
Yuva Savings Account |
Not Required |
4.00% |
Multiple variants |
Basic Savings Account |
Not Required |
4.00% |
Basic ATM-Debit Card |
Small Savings Account |
Not Required |
4.00% |
ATM cum Debit Card |
Savings Account For Minors |
Not Required |
4.00% |
Photo ATM cum Debit Card |
Metro and Urban areas Average Monthly Balance Requirement = Rs.3,000 |
Non-maintenance charges applicable |
For a shortfall equal or less than 50% |
Rs.10 + GST |
For a shortfall more than 50% and less than 75% |
Rs.12 + GST |
For a shortfall more than 75% of the AMB requirement |
Rs.15 + GST |
Semi-urban areas AMB Requirement = Rs.2,000 |
Non-maintenance charges applicable from 1 April, 2018 |
For a shortfall equal or less than 50% |
Rs.7.5 + GST |
For a shortfall more than 50% and less than 75% |
Rs.10 + GST |
For a shortfall more than 75% of the AMB requirement |
Rs.12 + GST |
Rural areas AMB Requirement = Rs.1,000 |
Non-maintenance charges applicable from 1 April, 2018 |
For a shortfall equal or less than 50% |
Rs.5 + GST |
For a shortfall more than 50% and less than 75% |
Rs.7.5 + GST |
For a shortfall more than 75% of the AMB requirement |
Rs.10 + GST |