What is auto sweep facility in SBI salary account?

What is auto sweep facility in SBI salary account?

What is Auto Sweep facility? This is a facility to transfer your money to a fixed deposit account from Savings account to earn higher interest once your balance in the SB account reaches the threshold balance of Rs. 35000/-.

What is the benefit of PMSP account?

The PMSP is a zero balance salary account. The account does not require the account holder to maintain a minimum average balance in their account. The account gives account holders the benefit of carrying out free unlimited transactions at all bank ATMs.

What is silver gold diamond and platinum account in SBI?

The variants according to one’s salary are SILVER: Between Rs 10,000/- and up to Rs 25,000/-, GOLD: Above Rs 25,000 and up to Rs50,000/-, DIAMOND: Above Rs 50,000 and up to Rs 1,00,000/- and PLATINUM: above Rs 1,00,000/-.

How do you know my SBI account is PMSP or not?

The easiest way to find out is to enquire at any of the branches of SBI. They will be able to verify it easily. If you have internet banking facility activated then you can check in online too.. If both these options are not available you can wait and check in your ATM after a few days.

Which bank is best for Defence salary account?

Catering specifically to defence personnel in the country, HDFC Bank has rolled out the Defence Salary Account. The HDFC Bank Defence Salary Account is a zero balance savings account that comes with the benefit of a free Personal Accidental Death cover upto Rs. 5 lakh and an Air Accidental Cover upto Rs. 25 Lakh.

What is the benefit of police salary package?

Complimentary Air Accident Insurance (Death) cover up to Rs. 30 Lakhs. Avail of Personal Loans, Home Loans, Car Loans and Education Loans at attractive rates and upto 50% off on processing fees. Avail of Auto-Sweep to create e-MODs (Multi Option Deposits) and earn higher interest.

What is SBI diamond segment?

You are eligible for ” Diamond ” category. As part of this category, you will be eligible for following benefits: 1. Platinum ATM cum Debit Card (Comes with luxury benefits like complimentary Airport lounge access) 2.

What is DSP account?

The SBI Defence Salary Package (DSP) account is meant for Defence personnel of the Army, Navy, Air Force, Indian Coast Guard, Assam Rifles, Rashtriya Rifles (RR) and GREF. Country’s largest public sector bank, State Bank of India offers services not only for civilians but also for defence and paramilitary forces.

What are the benefits of an SBI CGSP account?

SBI allows for free unlimited ATM transactions across all SBI ATMs in the country. Most CGSPs come with an SBI credit card. Drafts, multi-city cheques, and regular SMS alerts are offered free of charge. Account holders can avail a discount of up to 25% on SBI lockers.

What is a SGSP account in SBI?

The salary account is one of the many services that the bank offers its customers. SBI has a variety of salary accounts, each developed to benefit a specific group of working professionals. One of these salary accounts is the State Government Salary Package (SGSP).

What is central government salary package (CGSP)?

Central Government Salary Package (CGSP) is a special savings account offered to employees of various Ministries Departments and Autonomous Bodies under the Central Government, RBI and NABARD. For various privileges under CGSP, please visit Salary Account. 5. What is State Government Salary Package?

What is CGSP in NABARD?

Central Government Salary Package (CGSP) is a special savings account offered to employees of various Ministries Departments and Autonomous Bodies under the Central Government, RBI and NABARD. For various privileges under CGSP, please visit Salary Account.