Which bank is best for Railway salary account?

This salary account offered to Indian Railways employees by SBI is called the Railway Salary Package (RSP). State Bank of India (SBI) offers salaried employees from across sectors an option to open a salary account with the bank.

What is the benefit of RSP account in SBI?

SBI RSP holders have free unlimited access to all SBI ATMs in the country. The bank does not levy any charges for SMS alerts, multi-city cheques, and drafts issued. Select customers have the privilege of obtaining an overdraft that is equivalent to 2 months net monthly income.

How can I convert my SBI saving account to railway salary?

Dear Sir/Madam, I hold the above account Shri……………………………………………………………………. A/C NO…………………………….. I have taken monthly salary in our SBI Branch in my savings salary account, So I will request you my savings account convert to be Railway salary package (RSP).

What is railway service package?

Railway Salary Package (RSP) A convenient way to manage salaries across a large number of centres, through the Bank’s award-winning Corporate Internet Banking. Online facilities reduce paperwork and salary administration cost. Enjoy instant credit of salaries to your employees’ accounts.

What is salary package account in SBI?

What is a Salary Package account? Salary Package account is a special savings account offered to salaried customers which provide unique benefits and services, as well as seamless access to the most advanced and secure Net Banking and Mobile Banking services. For more details, please visit Salary Account.

Do we get interest on salary account?

Banks offer interest on both Salary as well as Savings Account. The interest rates depend on the type of Savings/Salary Account you have.

Is salary account current or saving?

Savings Account