What Is The Benefit Of PMSP Account In SBI?

Which bank is best for Defence salary account?

HDFC BankCatering specifically to defence personnel in the country, HDFC Bank has rolled out the Defence Salary Account.

The HDFC Bank Defence Salary Account is a zero balance savings account that comes with the benefit of a free Personal Accidental Death cover upto Rs.

5 lakh and an Air Accidental Cover upto Rs..

What is PSP account in SBI?

The Police Salary Package (PSP) is one such account. The account was developed for those employed in the central police organisations including Civil Police, Railway Protection Force, Armed Police, and Government Railway Police.

What is the minimum balance in SBI bank account?

Currently, SBI savings bank account customers need to maintain an average monthly balance of Rs 3,000 in metro, Rs 2,000 in Semi urban and Rs 1,000 in rural areas. Further, the bank used to levy a penalty of Rs 5 to Rs 15 + taxes on non-maintenance of average monthly balance as stated above.

Can we keep SBI zero balance?

SBI says no minimum balance penalty, SMS charges on all savings accounts. India’s largest bank State Bank of India or SBI said that it is not charging savings bank account customers for non-maintenance of minimum balance and it has also waived SMS charges. “Good news for SBI Savings Account holders!

What is the maximum balance in SBI bank account?

₹ 10 lakhWhile SBI hasn’t set any monthly average balance requirement for these savings accounts, both accounts have a maximum balance limit of ₹ 10 lakh, according to the bank’s website.

What is the difference between saving account and salary account?

While a Salary Account is usually opened with the purpose of an employer crediting the salary to the employee, a Savings Account is opened to deposit money for the purpose of holding or saving it with the bank. Both Savings and Salary Accounts can be opened as an Insta Account.

What are the benefits of SBI salary account?

Here are a few benefits of our Salary Package Account:Zero Balance Account.No Monthly Average Balance charges.Employee Reimbursement Account.Auto Sweep Facility.Lifetime Free Debit Card with exclusive benefits.Free unlimited transactions across any Banks’ ATMs.Free Demand Draft.Free Multi City Cheques.More items…

What are the benefits of DSP account in SBI?

Below are the key benefits of the SBI DSP account: * Zero balance account and free unlimited transactions across ATMs of any Bank. Also comes bundled with SBI Credit Card. * Complimentary Personal Accident Insurance (Death) cover up to Rs.

Which account is best for salary?

The following is the list of best 5 salary accounts available in India:Kotak Platina Salary Account.SBI Corporate Salary Package.HDFC Bank Classic Salary Account.Citibank Suvidha Salary Account.Axis Bank Prime Salary Account.

How can I know my SBI account is zero balance?

A. For SBI Balance Check, account holders can give a call to the SBI balance enquiry toll free number 09223766666. Account holders can also call SBI customer care number 1800112211 and 18004253800 for instant balance enquiry.

What is benefit of salary account?

However, there are certain common benefits that come with a Salary Account – zero minimum balance, free cheque book / passbook / e-statements, Debit Cards, NetBanking, Phone Banking, online fund transfer, Demat Account/services, loan conveniences, Credit Card offers, utility bill payments, etc.

What is diamond account in SBI?

DIAMOND Current Account is ideal for Elite Businessmen, Top Professionals, Large Traders etc. operating across the country handling bulk cash transactions and processing Large number of payments & collection transactions. It provides most of the services free or at very low transaction cost.