Benefits of the SBI Salary Account: An employee is familiar with the salary account because without a salary account, he will not be able to receive his monthly salary. Although the recruiter is fully invested in the bank they prefer to open a salary account for their employees, but those who have a salary account at the State Bank of India (SBI), there are certain advantages other than the balance account. no one, which they can’t afford to miss.
According to the official SBI website – sbi.co.in, the benefits of the SBI salary account include insurance benefits; discount on personal loan, home loan, car loan, education loan, etc. Apart from this, there are also other benefits that an SBI salary account holder should be aware of and pass on to others who also have a salary account in SBI.
Here are the following 5 advantages of the SBI salary account:
1]Accidental death cover: SBI salary account holders are entitled to ₹Accidental death coverage of 20 lakh.
2]Aviation accidental death cover: According to the official SBI website – sbi.co.in, in the event of aviation accidental death, the SBI salary account holder is entitled to accident (death) insurance coverage up to ₹30 lakh.
3]50% discount on loan processing fees: An SBI salary account holder is entitled to a 50% processing fee on any loan such as personal loan, home loan, car loan, etc.
4]Ease of overdraft: The State Bank of India also offers an overdraft facility to its salary account holders. India’s largest commercial bank pays up to two months salary under the overbought facility to SBI salary account holders.
5]Discount on locker fees: SBI offers up to 25 percent reduction on locker fees to its salary account holders.
Apart from these, the free issuance of drafts, multi-city checks, SMS alerts, free online NEFT / RTGS, unlimited free transactions on ATMs of any bank are of other advantages offered by the SBI to its salary account holders.
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