THIRUVANANTHAPURAM: State Bank of India (SBI) has launched ‘State Govt Salary Package’ (SGSP), a special salary package scheme for all permanent employees of the Government of Kerala.
The package is bundled with many benefits and concessions such as interest rebate for loans, zero balance accounts, overdraft facility and zero annual maintenance charges for ATM cards. The SGSP account will also have features
like auto sweep facility, free financial planning and advisory services.
Under the package, the bank will tie up with various state government departments for opening salary account of its employees. The existing savings bank accounts of state government employees can also be converted into
SGSP accounts under the scheme.
Depending on the rank of the employee, there will be four variants in the package - Silver, Gold, Diamond and Platinum.
SBI has also brought out separate packages for police department personnel and central government employees.