SALARY ACCOUNT BENEFITS
A job seeker is well versed in the salary account. They know that if they do not have a salary account, they will not be able to get a monthly salary. However, it is entirely up to the company to decide which bank they prefer to open the salary account of their employees in, but those who have a salary account in State Bank of India (SBI) have some advantages in addition to zero balance account which they miss. Can't.
According to SBI's official website, people with SBI salary account get discounts on personal loans, home loans, car loans, education loans, etc. Apart from this there are some other benefits that the salary account holders of an SBI should know and also inform the people who have a salary account in SBI.
- Accidental Death Cover - Account holders of SBI Salary Account get Accidental Death Cover up to Rs. 20 Lakh. Under this, if a person dies in an accident, your family members will get Rs 20 lakh.
- Air Accidental Death Cover- According to SBI website, in case of death due to air accident, SBI Salary Account holder gets insurance of Rs 30 lakh under Air Accident Insurance (Death) cover.
- 50% discount on loan processing fee - Holder of SBI account gets 50% discount on any loan processing fee such as personal loan, home loan, car loan etc.
Overdraft Facility - State Bank of India provides overdraft facility to its salary account holders. SBI, the country's largest commercial bank, pays salary account holders two months' salary under the overdraft facility.
- Discount in Locker Charge - SBI gives up to 25% discount on locker charge to its salary account holders.
Apart from this, SBI's salary account holders also get the benefit of multi-city checks, SMS alerts, free online NEFT / RTGS, free unlimited transaction facility at any bank's ATM.
