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WELCOME

WELCOME. PRESENTATION ON RAILWAY SALARY PACKAGE BY STATE BANK OF INDIA. PRESENTATION ON RAILWAY SALARY PACKAGE. RAILWAY SALARY PACKAGE Benefits for Employer. Centralised Salary Administration. Single point salary upload. One debit and multiple credits

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WELCOME

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  1. WELCOME PRESENTATION ON RAILWAY SALARY PACKAGE BY STATE BANK OF INDIA

  2. PRESENTATION ON RAILWAY SALARY PACKAGE

  3. RAILWAY SALARY PACKAGEBenefits for Employer • Centralised Salary Administration. Single point salary upload. • One debit and multiple credits • Payment through Corporate Internet Banking free of cost with additional security features of an administrator. • Savings on Remittance Costs. • Reduced Paperwork. • Customised MIS • eZ Pay Cards for workers in lieu of cumbersome cash payments. Upload through CINB • Alternative payment solutions through BC/BF model • SMS alerts for salary credits

  4. Platinum Diamond Gold Silver Railway Salary Package Four Variants… RSP variant allotment according to grade of employee Principal HOD, GM, Member of Railway Board Grade Officer, JAG Officer H.O.D. Junior Scale Officer, Senior Scale Officer Group ‘D’ Peons/ Gangmen To Supervisor/ Superintendent

  5. Railway Salary Account – USPs No Minimum Balance Auto Transfer to RD & SIP Unique Life Time A/c No. Free ATM cum Debit Card SBI Vishesh Value Proposition Demat and Online Trading Free Core Power Free Internet Banking RTGS & NEFT facility Free Mobile Banking Free Multi City Cheques And Free Drafts Auto Sweep facility to Multi Option Deposits

  6. Zero Balance Account • No Minimum Balance Requirement • Penalties for non – maintenance of minimum balance • for ordinary Savings Bank Account holder • Rs. 225 per quarter

  7. ATM Cards • Free ATM cum Debit Card exclusively designed for Railway employees • No limit on number of withdrawals from SBI ATMs. • Free Add on Card available for Joint Account Holders opened on ‘Either or Survivor’ basis

  8. Core Power • ‘Anywhere Banking’ at over 14,000 plus Core Banking branches. • Free transfer of funds within SBI • Free updating of Pass Book at any Branch • Free cash deposit at any Branch

  9. Free Multi City Cheques • Free Multi City (At par) Cheques • No Cheque Leaf Charges. • No Payment Charges • Payable at over 13000 branches. • Free Cheque Books • Silver, Gold, Diamond & Platinum – No limit. • Free Drafts – 2 per month with a limit of Rs. 50,000/-, if issued through account

  10. Auto Sweep Facility • Auto Sweep facility: • Earn Term Deposit Receipt (TDR) interest rates on your Savings Bank Balance • Facility for automatic sweep of balances over and above Rs 15,000 for conversion into TDRs. • TDRs are created for minimum amount of Rs 10,000/- and further in multiples of Rs 1,000/- • Automatic Unitised breaking of TDRs in multiples of Rs 1,000/- on issue of cheque and withdrawal through ATM • Save penalties on premature payment of entire TDR.

  11. RTGS/ NEFT Free transfer of Funds through RTGS/ NEFT You Save Charges as mentioned below: • Free Internet Banking • Utility Bill Payments (In selected cities). • Pay Income Tax, Apply for issue of Drafts, New Cheque Book, Gift Card, Transfer money to another account etc. at the click of your mouse! • Issue for your own TDRs • Apply for IPO using ASBA • Free Mobile Banking (Funds transfer up to Rs 50,000)

  12. eZ Trade 1 Year Demat Account Opening charges waived. You save Rs. 400/-

  13. SBI Vishesh • SBI Vishesh Status for Platinum Customers • Immediate credit of cheques within an overall limit of Rs.50,000 outstanding at a time. • Three (3) Free Remittances and Cheque Collections of up to Rs.25,000 per month. • Pre-approved Home Loans. • Priority allotment of lockers and 25% concession in locker service charges

  14. Railway Salary Account – Loan Products Xpress Credit Miscellaneous Value Proposition Concession in Interest Rates Concession in Processing Charges Concession in Margin

  15. HOME LOANS & CAR LOANS • Concession of 25 bps on floating Interest rates for Home Loans. • Translates into a savings of Rs 50,000/- on a Rs 20,00,000 loan for 20 years. • Concession of 50 bps on Xpress Credit and Car Loans. • Translates into a saving of Rs 7000/- on a Car loan of Rs 4,00,000/- for 7 years

  16. CONCESSION IN MARGIN • 5% concession in margin on Home Loans and Car Loans (New Cars Only) • Maximum Home Loan amount determined by Loan to Value (LTV) Ratio - 90% for loans below Rs 20 lacs and 80% for loans above Rs 20 lacs

  17. PROCESSING CHARGES ON LOANS • 50% Concession on Processing Charges for Home Loans and Xpress Credit. • On a Home Loan of Rs 50 lacs the saving on processing charges works out to Rs 4,000/- • For Car Loans- only Rs 500/- processing charge per application. (For others it is 0.50% of loan amount). Saving of Rs 1,500/- on a car loan of Rs 4,00,000/-

  18. Miscellaneous • Concession on Gold Coins for • 1% concession on card rate for purchase of 2, 4, 5, 8, 10, 20 and 50 gm denominations • Additional Concession of 0.50 % on card rate will be available during festivals/ campaigns • Free Financial Planning and Advisory for your hard earned money • Special Tie-ups with manufacturing majors for discounts to Salary package account holders e. g. Maruti Suzuki, Tata Motors, HCL…

  19. Technology Products Funds Transfer Core Power SB Group Transfer VISA to VISA Card Master to Master Card Visa to Master and Reverse RTGS/NEFT Railway Ticket Booking • Savings Plus (Sweep & Reverse Sweep) • Multi City Cheque • ATM Gold Card • eZ Trade • e-Invest • Mobile Banking • Utility Bills Payments

  20. MOBILE BANKING • Funds Transfer • Up to Rs.50,000 free Enquiry Services • Balance enquiry • Mini statement Demat account services Requests • Cheque book Mobile Top Up • All networks

  21. Documents Needed for Opening an RSP Account • Employer’s letter certifying identity and address proof • Copy of Identity Card issued by the Employer. • As per RBI’s recent instruction, one additional KYC document like PAN Card, Pass Port, Voter’s ID Card, Driving license, etc • Passport size photographs (2 nos.) • Salary Slips for last three months. • For new recruits, a copy of the Appointment Letter along with salary details.

  22. Help Desk facility For Queries relating to Product details, ATM, Internet Banking, etc. Call Contact Centre 1800 11 22 11 or 080 26599990

  23. Proud to be associated with the Indian Railways and looking forward to cementing our relationship further. Thank you

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