SBI State Government Salary Package (SGSP)

—Interest Rate

—Balance / Limit

—Initial Deposit

—Opening Mode

Bank / LenderState Bank of India

Product TypeSalary Account

Interest Rate—

Minimum Balance—

Tenure—

Account OpeningSalary-package benefits can be withdrawn if salary is not credited for more than 3 consecutive months and account is converted to normal savings account.

EligibilityPermanent employees of state governments, Union Territories and state boards including eligible teachers/professors.

Key Benefits

Zero-balance account; free unlimited SBI ATM transactions; personal accident cover up to ₹20 lakh; air accident cover up to ₹30 lakh; loan benefits and processing-fee discounts; locker-charge discount; auto-sweep.

Eligibility

Permanent employees of state governments, Union Territories and state boards including eligible teachers/professors.

Fees & Charges

Salary-package benefits can be withdrawn if salary is not credited for more than 3 consecutive months and account is converted to normal savings account.

How to Apply

Online or through nearest SBI branch; employer onboarding may also be supported.

Frequently Asked Questions

Is the State Government Salary Account zero balance?

SBI states it is a zero-balance account.

What happens if salary is not credited?

SBI states that if salary is not credited for more than three consecutive months, the account converts to a normal savings account and salary-package features are withdrawn.

Source: Official bank website · Last verified 2026-08-31