SBI Salary Account Benefits: Overdraft, Insurance, Discounts

SBI Salary Account: Have you ever wondered how beneficial your SBI salary account can be for you. More than just depositing and withdrawing money, your salary account gives you many benefits, which you hardly know about. Today we will tell you how you can make the most of your SBI salary account.

Often we use our bank account only to deposit and withdraw money. But do you know that your bank account provides many facilities and security for you. SBI’s salary account is at the forefront of all these. Let’s know about its benefits.

Overdraft facility: There will be no shortage of money

SBI salary account holders get the facility of overdraft. That is, you can withdraw some extra money from your account if needed. This amount is usually equal to your two months’ salary. This facility is very useful in emergencies when you suddenly need money.

Security cover: Accidental death cover

SBI also provides accidental death cover to its salary account holders. If unfortunately an accident happens and the account holder dies, then his family gets an amount of up to Rs 20 lakh. This acts as a security cover that strengthens the financial condition of your family.

Discount on loan: Golden opportunity to save

Another advantage of having a salary account in SBI is the discount on loans. If you need a personal loan, home loan, or car loan, then you can get up to 50% discount on processing fees. This can save you a lot of money.

Discount on locker charges: Safety of valuables

SBI also gives discounts on locker charges to its salary account holders. You can get up to 25% discount. If you need a locker to keep your valuables safe, then this is good news for you.

Air accident cover: Safe even in the sky

SBI takes care of the safety of its customers. Salary account holders also get air accident cover. That is, if you die in an accident during air travel, your family will get an amount of up to Rs 30 lakh.

Additional facilities

SBI provides different types of facilities to its salary account holders based on different categories. These include overdraft limits, interest rates, etc.

Silver category: Overdraft up to Rs 50,000
Golden category: Overdraft up to Rs 1,50,000
Premium category: Overdraft up to Rs 2,25,000
Platinum category: Overdraft up to Rs 3,00,000
Apart from these, Jan Dhan account holders also get some insurance coverage.

These were some major benefits, but there can be many more benefits in different salary packages of SBI. Therefore, contact your bank and get complete information.