SBI SGSP State Government Salary Package for Govt Employees, Application Form download

SBI Saving Account Number to Regular Government Employee Salary Account Application form Download. SBI SGSP State Government Salary Package for State Govt Employees, SGSP Application Form download, State Government Salary Package Variants. Regualar Government Employee Salary Account. State Government Salary Package (SGSP) For Permanent Employees Of State Governments And Union Territories With New Customer Type And New Product Codes.  The SGSP package will be applicable only to the permanent employees of all State Governments and Union Territories who maintain their Salary accounts with us. The Concession on Home Loans, Auto Loans and Xpress Credit loans will be available up to 31.10. 2011 and will be continued thereafter subject to review. Minimum Balance Required, ATM cum Debit Card, Transactions at ATM, Internet Banking, Cheque Book, Pass Book, Account Statement, Mobile Banking, Car Loan, Home Loan,Xpress Credit details in SGSP State Government Salary Package.

SBI SGSP State Government Salary Package for State Govt Employees, SGSP Application Form download

SGSP State Government Salary Package for State Govt Employees:
e-Circular, PBBU - CORPORATE AND INSTITUTIONAL TIE-UPS. Sl. No. : 691/2010 - 11 Circular No. : NBG/PB/C&ITU-CSP/30/2010 - 11 Friday, November 12,2010.
The Chief General Manager, State Bank of India, Local Head office, All Circles Sir/ Madam, Personal Banking Business Unit Corporate And Institutional Tie-Ups New Product: State Government Salary Package (SGSP) For Permanent Employees Of State Governments And Union Territories With New Customer Type And New Product Codes

We are pleased to advise that we are now offering a new customized package, the State Government Salary Package (SGSP) to employees and officials of all State Governments and Union Territories, details of which are contained in Annexure I and II.

The concessions detailed in the package will be applicable only to the permanent employees of all State Governments and Union Territories who maintain their Salary accounts with us. The Concession on Home Loans, Auto Loans and Xpress Credit loans will be available up to 31.10. 2011 and will be continued thereafter subject to review.
The concessions proposed under the above tie-up will not be in addition to concessions available under tie-ups with builders, special pricing structure for High Value Housing Loans, festival/mega bonanza offers, fairs /exhibitions /other promotional campaigns etc. The margin on Housing Loan will be in line with risk based premium/ discounted interest rates. All other terms and conditions of the scheme(s) will be complied with.

సేవింగ్ (సాలరీ) అకౌంటుని రెగ్యులర్ గవర్నమెంట్ ఎంప్లాయ్ సాలరీ అకౌంటు (State Government Salary Package-SGSP)గా Convert చేయడం:
Regualar Government Employee Salary Account,SBI SGSP State Government Salary Package for Govt Employees, Application Form download



To facilitate mining of information in CBS:
a) The Customer Type will be 010215, which needs to be captured while opening/ converting the existing CIF of personnel of State Governments and Union Territories.
b) The Product Codes will be as under:
1096- 1431 SBCQ- SGSP-PUBIND-SILVER-INR 1096-1441 SBCQ-SGSP-PUBIND-GOLD-INR
1096-1451 SBCQ-SGSP-PUB-DIAMOND-INR 1096-1461 SBCQ-SGSP-PUBIND-PLATINUM-INR

The Package will come in four variants, which will be distinguished by the designation of the employees rather than their salaries. (Refer Annexure I)

As regards Account opening:
a) KYC formalities would have to be completed by the branch concerned as usual and
b) The branches will have to upload the mandatory 8 Fields as per extant instru
All new accounts should be opened with Non-Personalised Welcome Kits (NPWKs). Please ensure that adequate supplies of NPWKs are requisitioned. Non availability of NPWKs should however not be a reason for delay in opening of accounts.
The existing accounts of employees of State Governments and Union Territories opened as ordinary Savings Account or CSP accounts can be converted into SGSP accounts. Please obtain application from the individual account holders as per Annexure III requesting for conversion of existing accounts to SGSP.
Strategies for Marketing:
i) A formal offer letter to be addressed to the Chief Secretary, Government of (***), with a copy to the Principal Secretary, Finance. The offer should be made personally by the Circle Chief General Manager or Net Work GM, with an emphasis on supporting the State’s IT initiatives of electronic salary uploads, Easy Pay cards to substitute all cash disbursements, other vendor payments,
ii) The DGM/ AGM Government Business, DGM/AGM PBBU and AGM IT should follow up this meeting with presentations on CINB, the benefits of SGSP (an offer unmatched by other banks), the advantages of Inter Core funds transfers as compared to NEFT, et These strategies have been implemented successfully by Bhopal Circle.
iii) Mapping of branches with offices of State Governments and Union Territories.

iv) Designating a suitable Officer as a Relationship Manager for the State Government/ UT as a contact point for banking related issues and also for undertaking the marketing of SGSP.
v) Appropriate Publicity material on the lines of “Z Cards” or leaflets to be printed locally, detailing the features of SGSP and other relevant retail assets and liability prod This should be distributed at their offices.
vi) Kindly arrange to set up Account Opening Help Desks in their Offices, on pre- determined
vii) Kindly review the need for new branches/ relocation of existing branches/ their renovation and most importantly, the requirement of additional ATMs to service the needs of the employees of State Governments and Union Territories. viii)Please arrange to publicise the scheme extensively through all available local media. Display of posters, banners, gates, etc may be used extensively at their locations.

Please arrange to advise the operating units under your control to open accounts/ convert existing accounts of permanent employees of State Government and Union Territories under SGSP.
The scale of the initiative being massive and so also its business implications, we request that your personal attention is bestowed on monitoring opening of accounts under SGSP.


SGSP Package Variants:
The product will be offered in 4 variants as under:
A) State Government Salary Package – Silver
B) State Government Salary Package – Gold
C) State Government Salary Package – Diamond 
D) State Government Salary Package – Platinum
STATE GOVERNMENT SALARY PACKAGE:
(Base Rate : 7.60 %)
Silver Gold Diamond Platinum
Eligibility Class 4
Employees like ....
Peons,
sub- staff
Class 3
Employees
like...
Teachers, Lower Divisional Clerks,
Upper Divisional Clerks,
excl. Police
Class 2
Employees
i.e.
Gazetted Officers,
Asst Directors etc
Class 1 
and Executive Grade 1
i.e. Commissioners,
Collectors,
HOD,
Directors,
PS,
Secretary
Minimum Balance Required NIL NIL NIL NIL
Lifetime Unique Account Number (UAN) Available Available Available Available
ATM cum Debit Card Free.
Unlimited number of transactions.
Domestic Card Maestro.
No annual maintenance charges.
Add on card for spouse free of cost for joint account holder. NA
Free.
Unlimited number of transactions.
International Gold Debit Card. (Master Card or Visa)
No annual maintenance Charges Add on card for spouse free of cost for joint account holder.
Rs 2 lacs limit for Point of Sale/ Merchant Establishments
Free.
Unlimited number of transactions. 
International Gold Debit Card. (Master Card or Visa)
No annual maintenance charges.
 Add on card for spouse free of cost for joint account holder.
Rs. 2 lacs limit for Point of Sale/ Merchant Establishments
Free.
Unlimited number of transactions.
International Platinum Debit Card. (Master Card or Visa) No annual maintenance charges.
Add on card for spouse free of cost for joint account holder.
Rs. 2 lacs/ USD 4000/- limit for Point of Sale/ Merchant Establishments

*Rs 1 lacs Personal Accident Insurance cover *Rs 4 lacs Personal Accident Insurance cover *Rs 4 lacs Personal Accident Insurance cover Rs 5 lacs Personal Accident Insurance cover
*Effective date of PAI cover will be advised for Silver, Gold and Diamond. Platinum account holders with International Platinum Cards are already covered.
Transactions at ATM Any number of transactions subject to a maximum limit of Rs 40,000/- per day.
Free at all SBI ATMs Cash withdrawal from ATMs of banks other than SBI more than five times in a month will attract levy of service charges as per RBI directives.
Any number of transactions subject to a maximum limit of $ 1,000 per day (Rs 50,000/- in India) for International Card 
Free at all SBI ATMs Cash withdrawal from ATMs of banks other than SBI more than five times in a month will attract levy of service charges as per RBI directives.
Any number of transactions subject to a maximum limit of $ 1,000 per day (Rs 50,000/- in India) for International Card 
Free at all SBI ATMs Cash withdrawal from ATMs of banks other than SBI more than five times in a month will attract levy of service charges as per RBI directives.
Any number of transactions subject to a maximum limit of $2,000 per day day (Rs 1,00,000/- in India) for Platinum 
International Card Free at all SBI ATMs Cash withdrawal from ATMs of banks other than SBI more than five times in a month will attract levy of service charges as per RBI directives.
Internet Banking Free facility offered from SBI.
Charges applicable to third party sites like Railways etc payable.
Free facility offered from SBI.
Charges applicable to third party sites like Railways etc payable.
Free facility offered from SBI.
Charges applicable to third party sites like Railways etc payable.
Free facility offered from SBI.
Charges applicable to third party sites like Railways etc payable.
Core Power (a)Transact- ions at Non home branches (b)Transfer of funds between SBI branches, Free for SGSP account holder Free for SGSP account holder, however charges as applicable to beneficiary Free for SGSP account holder Free for SGSP account holder, however charges as applicable to beneficiary account holder Free for SGSP account holder Free for SGSP account holder, however charges as applicable to beneficiary Free for SGSP account holder Free for SGSP account holder, however charges as applicable to beneficiary account holder will be levied

account holder will be levied for amounts above Rs.20,000/- will be levied for amounts above ` Rs.20,000/- account holder will be levied for amounts above ` Rs.20,000/- for amounts above ` Rs. 20,000/-
Cheque Book 25 leaves free in a year.
Extra leaves available at Rs 2 per leaf.
Personalised cheque Books available
50 leaves free in a year. Extra leaves available at Rs 2 per leaf.
Personalised cheque Books available
Unlimited, free. (Except for bulk requirement for EMIs payable to other banks/ FIs/NBFCs) Unlimited, free. Except for bulk requirement for EMIs payable to other banks/ FIs/NBFCs)
Multi City Cheques (Payable at par at all Branches with a cap of ` 2 lac per cheque) Cheque Leaf charges: NIL Payment Charges : NIL Transaction Charges : NIL Cheque Leaf charges: NIL Payment Charges : NIL Transaction Charges : NIL Cheque Leaf charges: NIL Payment Charges : NIL Transaction Charges : NIL Cheque Leaf charges: NIL Payment Charges : NIL Transaction Charges : NIL
Easy Overdraft up to 2 Month’s Net salary, subject to min residual service of 6 months. Rate of interest : 8.25 % above Base Rate (presently 7.60% p.a.) i.e.15.85% p.a currently. Overdraft limited to 2 month’s Net Salary. Adjusted from the next salary (ies) within a period of 6 months. Can be converted into a personal loan on application, repayable within 48 months at attractive rates of interest. Rate of interest: 8.25 % above Base Rate (presently 7.60 % p.a.) i.e.15.85% p.a currently. Overdraft limited to 2 month’s Net Salary. Adjusted from the next salary (ies) within a period of 6 months. Can be converted into a personal loan on application, repayable within 48 months at attractive rates of interest. Rate of interest: 8.25 % above Base Rate (presently 7.60 % p.a.) i.e. 15.85% p.a currently. Overdraft limited to 2 month’s Net Salary. Adjusted from the next salary (ies) within a period of 6 months. Can be converted into a personal loan on application, repayable within 48 months at attractive rates of interest. Rate of interest : 8.25 % above Base Rate (presently 7.60 % p.a) i.e. 15.85% p.a currently. Overdraft limited to 2 month’s Net Salary. Adjusted from the next salary (ies) within a period of 6 months. Can be converted into a personal loan on application, repayable within 48 months at attractive rates of interest.

Preferential allotment of Lockers Available Available Available Available
Account statement on email Free Free Free Free
Concession in locker charges Nil Nil Nil 25 % as applicable for SBI Vishesh
Utility Bill Payments through Internet Free of Cost (as per the present scheme) Free of Cost (as per the present scheme) Free of Cost (as per the present scheme) Free of Cost (as per the present scheme)
Savings Plus (Auto Sweep Facility) Threshold Amount: ` 15,000 TDRs/STDRs to be created for a minimum amount of ` 10,000 (and in multiples of ` 1,000) in any one instance. Threshold Amount: `15,000 TDRs/STDRs to be created for a minimum amount of ` 10,000 (and in multiples of ` 1,000) in any one instance. Threshold Amount: `15,000 TDRs/STDRs to be created for a minimum amount of ` 10,000 (and in multiples of ` 1,000) in any one instance. Threshold Amount:`15,000 TDRs/STDRs to be created for a minimum amount of ` 10,000 (and in multiples of `1,000) in any one instance.
Passbook Available for all accounts.
Free updating at Non Home Branches
Available for all accounts.
Free updating at Non Home Branches
Available for all accounts.
Free updating at Non Home Branches
Available for all accounts.
Free updating at Non Home Branches
Concession in margin on Home loan (up to Rs.50 lacs only) and Car Loan ( new Cars only) 5% 5% 5% 5%
Margins after concession should not be less than 10 %. The margin on Housing Loan will be in line with risk based premium/ discounted interest rates
eZ trade (3- in-one account: Demat, share trading and Savings A/c) 1st year Demat Account opening Charges of `400/- waived 1st year Demat Account opening Charges of ` 400/- waived 1st year Demat Account opening charges of ` 400/- waived 1st year Demat Account opening Charges of ` 400/- waived
SBI Vishesh Status Not Available Not Available Not Available Available

Mobile Banking Free Free Free Free
Gold Coin 1% concession on card rate for purchase of 2, 4, 5, 8, 10, 20 and 50 gm denominations. An additional concession of 0.5% on card rate will be available during festivals/ campaigns. Total concession not to exceed 1.5% on Card Rate.

Proposed Interest rate concession:
( Base Rate : 7.60 %)
Annexure II
1 Interest Rates Card Rates Proposed Concession
Housing Loans Floating Interest Rates#

Up to & including Rs. 30 Lacs 

a. Up to 5 Years
b. Above 5 Years and up to 15 Years
c. Above 15 Years and up to 25 Years

Above ` 30 Lacs & up to ` 75 Lacs 
a. Up to 5 years
b. Above 5 years and up to 15 years
c. Above 15 years and up to 25 years

Above ` 75 Lakhs
a. Up to 5 years
b. Above 5 years and up to 15 years
c. Above 15 years and up to 25 years




FIXED RATE *
(period up to 10 yrs) 
Up to & including Rs. 30 Lacs 
a. 1.75 % p.a. above Base Rate. Current Effective rate:9.35% p.a
b. 2.00 % p.a. above Base Rate. Current Effective Rate : 9.60% p.a
c. 2.25 % p.a. Above Base Rate. Current Effective Rate : 9.85 % p.a

Above 30 Lacs & up to 75 Lacs 
a. 2.25 % p.a. Above Base Rate Current Effective Rate: 9.85 % p.a. 
b. 2.50 % p.a. Above Base Rate. Current Effective Rate: 10.10 % p.a.
c. 2.75 % p.a. Above Base Rate. Current Effective Rate: 10.35 % p.a.

Above 75 Lakhs
a. 2.25 % p.a. Above Base Rate. Current Effective Rate: 9.85 % p.a. 
b. 2.50 % p.a. Above Base Rate. Current Effective Rate: 10.10 % p.a.
c. 3.00 % p.a. Above Base Rate. Current Effective Rate: 10.60 % p.a.
50 bps below the applicable card rate on the date of sanction
50 bps below the applicable card rate on the date of sanction
50 bps below the applicable card rate on the date of sanction
50 bps below the applicable card rate on the date of sanction
50 bps below the applicable card rate on the date of sanction
50 bps below the applicable card rate on the date of sanction
50 bps below the applicable card rate on the date of sanction
50 bps below the applicable card rate on the date of sanction
50 bps below the applicable card rate on the date of sanction

Up to ` 30 Lakhs 
Above ` 30 Lakhs
( subject to force majeure clause and interest rate reset at the end of every two years on the basis of fixed interest rates prevailing at that time)

Up to ` 30 Lakhs 
3.25 % p.a.
Above Base Rate on the date of reset. Current Effective Rate : 10.85 % p.a.

Above ` 30 Lakhs
4.25 % p.a Above Base Rate on the date of reset. Current Effective Rate : 11.85 % p.a.
50 bps below the applicable card rate on the date of sanction
50 bps below the applicable card rate on the date of sanction
#Under SBI Easy / Advantage schemes: No interest rate concession during the special offer period where interest rate is provided at fixed rate for the first 3 years. Thereafter interest rate will be reset on 3rd anniversary date of the loan at 50 bps below the rate applicable after completion of 3 years. The concession will be applicable for floating as well as fixed rates loans. The concession of 50 bps will not automatically apply to loans which are specially structured and finely priced.
ii Car Loans
New Cars only Floating Interest Rates
SBI Car loan Scheme for loan below ` 5.00 lacs
Up to 3 years
Above 3 Years up to 5 years 
Above 5 years and up to 7 years

SBI Car loan Scheme for loan of ` 5.00 lakhs and above
 Up to 3 years
Above 3 Years up to 5 years 
Above 5 years and up to 7 years
3.75 % p.a Above Base Rate. Current Effective Rate: 11.35 % pa.
3.75 % p.a Above Base Rate. Current Effective Rate: 11.35 % p.a.
4.00 % p.a Above Base Rate. Current Effective Rate: 11.60 p.a.



3.25 % p.a Above Base Rate. Current Effective Rate: 10.85 p.a.
3.50 % p.a Above Base Rate. Current Effective Rate: 11.10 % pa.
3.75 % p.a Above Base Rate. Current Effective Rate: 11.35 % p.a.
50 bps below the applicable card rate on the date of sanction
50 bps below the applicable card rate on the date of sanction
50 bps below the applicable card rate on the date of sanction
50 bps below the applicable card rate on the date of sanction
50 bps below the applicable card rate on the date of sanction
50 bps below the applicable card rate on the date of sanction

Car Loans 
Car loans under special schemes like SBI EZee Car loan and SBI Advantage Car loan scheme where special interest rate is applicable for limited period
As per Card Rates #Under SBI EZee / Advantage Car Loan schemes: No interest rate concession during the special offer period where interest rate is provided at fixed rate for the first 3 years. Thereafter interest rate will be reset on 3rd anniversary date of the loan at 50 bps below the rate applicable after completion of 3 years. The concession will be applicable for floating rates loans.
iii Xpress Credit As per card rate 50 bps below the applicable card rate on the date of sanction
2 Margin Housing Loan * 
 Up to ` 75 lacs
Above ` 75 lacs Car Loan
20%
 25%
 15%
15%
 20%
 10%
* Circle CGMs will have discretionary power to reduce margin on Home Loan above ` 75 lacs by further 5 % over and above the margins. This discretion will be subject to the proviso that the margin on Home loan will not go below 10 % after allowing the discretionary concessions
3 Processing Charges
Housing Loan
Car Loan
Xpress Credit
At rates applicable to various slabs 0.50% 1.00 % 50 % of applicable Card rates ` 500 per application 50 % of applicable Card rates
4 Security Mortgage of property for housing loan Waiver of interim security in case of delayed mortgage where check off is available
5 Mode of repayment Check-off facility/ Standing Instructions on Salary Account with 6 post dated Cheques.

SGSP Application Form:
The Branch Manager
State Bank of India Branch
Dear Sir,

STATE GOVERNMENT SALARY PACKAGE – SGSP REQUEST FOR CONVERSION OF SB ACCOUNT TO SGSP – ACCOUNT AND AUTO SWEEP FACILITY I maintain a Saving Bank account with your branch and the account number is . I am presently employed as with and my employee/ personal Number is . My present address is appended below which may please be incorporated in your records for which I am enclosing a certificate/ letter issued by my employer. I request you to accept it for opening the savings account.

In addition I am enclosing a copy of (any one of Passport, driving licence, PAN Card, Voter’s Identity Card, etc. or utility bills such as telephone bill, Bank account statement, Electricity bill etc.) satisfying the KYC norms as prescribed by your Bank/ RBI.

2. In this connection I request that my existing account be converted into a State Government Salary Package account with all its special features.
3. As regards converting my account to Savings Plus account: (Please tick in the appropriate box)
4. I do not wish to avail of this facility OR
5. I request you to convert my savings account into a Savings Plus account. In case the response is 
b: I request you to allow me auto-sweep facility in the said account, should the balance in my account exceed Rs._ (please indicate an amount of Rs.15,000/- or above) as at the end of the day of (please tick) On weekly basis, each day (e.g. Monday or Tuesday or ……etc), every week. OR On monthly basis (e.g. 1st or 2nd or 3rd or ….. etc) of every month beginning from (dd/mm/yy)
I authorise you to transfer the excess amount to a Multi Option Deposit (TD/STD) (please tick) for a period of month/ year(s). I understand that this auto sweep will be done for a minimum amount of Rs.10,000/- and in the multiples of Rs.1,000/- at any one instance. Further, under the reverse sweep facility for breaking of Multi Option Deposit, I authorise you to break the Multi Option Deposit by following the principle of (please tick) “Last in First Out” OR “ First in First Out”.

I confirm that I have read and understood the Terms and Conditions of Savings Plus Account. Payment of proceeds, as well as nomination for the term deposits so made would be as per my/ our Savings Plus Account with you, by debit to which the Multi Deposits would be created.

Since I am presently posted at / is being posted to I request that my account should be transferred to Branch of SBI for ease of operation. (Strike out if not applicable).
Yours faithfully, Name:......  Address...........  Date.............  Place: ......................
SBI SGSP State Government Salary Package Application Form download


SBI Saving Account Number to Regular Government Employee Salary Account Application:
Date:...........
Place:..........
To
The Branch Manager, State Bank of India,
------------------------------Branch
---------------------------------------

Respected Sir,
Sub : Requisition to convert my SBI Saving account number to Regular government employee salary account - request regarding.

** ** ** **
Sir , I have been working as a Government employee in education department in cadre of ---------
-------------------------------------------------------- under ------------------------------------------------------- Government.
Hence I request you kindly to your gracious presence to convert my saving account number ----
--------------------------------- to regular government Employee salary account (SGSP) to enable me to get the benefits announced by RBI of India as early possible.

Thanking You Sir,
Yours Faithfully,
(                        )
My office address
-----------------------------------------------
-----------------------------------------------
----------------------------------------------
Enclosures :-
1. Xerox copy of employee I.D .
SBI Saving Account Number to Regular Government Employee Salary Account Application form Download
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