SBI has the Corporate Salary Package (CSP) to offer to the corporate employees. The corporate salary account offers a gamut of benefits to the company employees and also to the employees of institutions such as hospitals, hotels, transport corporations etc. Depending on the gross monthly income of employees, the salary account in SBI is offered in four variants- Silver, Gold, Diamond and Platinum. The gross monthly income reflects the total income of the employee including basic salary and other allowances. The net pay or the take-home pay is the monthly income post taxes and provident fund deduction. Below are the gross monthly income limits for the various variants: Platinum: Above Rs 1,00,000 Diamond: Above Rs 50,000 and upto Rs 1,00,000 Gold: Above Rs 20,000 and upto Rs 50,000 Silver: Between Rs 5,000 and upto Rs 20,000 The specific variant will determine your eligibility for the variant of the debit card, quantum of insurance coverage etc. If an employee wants to upgrade the account, it will be possible on the production of proof of gross salary per month and the documentary proof showing an increase in rank or designation. Once the salary accounts are opened, the account numbers will be given by the employee. The salary is credited by the employer by using Corporate Internet Banking platform without the intervention of the branch. While the employee can open the salary account in any of the branches in India, the employer can remit from a single point through NEFT, RTGS, ECS etc. Reimbursement account At times, some corporates reimburse a part of the salary as reimbursements to the employees. For this, a separate account needs to be opened. The employee reimbursement accounts are offered to employees who already have a salary account with the SBI. Such reimbursement account linked to the primary salary account is a current account with zero balance feature and no annual maintenance charges. The same ATM cum debit card issued to the salary account can be linked to employee reimbursement account. Benefits of SBI salary account The main benefits of the salary account are - Zero balance account and free unlimited transactions across ATMs of any bank, free ATM-cum-debit card, an additional ATM card for the joint account holder, free Internet banking, free multicity cheques etc. Additionally, these are the benefits for salary account holders: Up to 25 per cent off on locker charges Free issuance of drafts, SMS Alerts. free online NEFT Overdraft equivalent to 2 Months Net Salary (Currently available for select account holders only) Complimentary Personal Accident Insurance (PAI Death) cover up to Rs. 20 lakh. Complimentary Air Accident Insurance (AAI Death) cover up to Rs. 30 lakh is available to Gold\/ Diamond\/ Platinum variants. To be eligible for PAI\/AAI cover, the salary account should be an active account and should have received salary credits during the last two consecutive months preceding the date of the incident. On changing jobs One may continue to draw the salary through the salary account even in the case of a change in employment. For this, one needs to intimate the new employer about the existing bank details so that the monthly salary credits are routed through the same account. Also, make sure your new employer intimates your bank branch for the required change in records with the bank. In case, the monthly salary is not credited into the account for more than 3 consecutive months, the special features offered under the Salary Package get withdrawn and the account will be treated as a regular savings account. Thereafter, all charges shall be levied and applied as applicable to the normal savings accounts. What if your employer does not offer SBI salary account The opening of an SBI salary account may not be difficult if certain conditions are met. If your employer does not offer an SBI salary account, you may approach your employer or the accounts department and ask them to have a formal arrangement with the State Bank of India for the same. The company needs to have at least 25 employees with a gross monthly salary above Rs 5,000 per month. The minimum salary payout of the corporate or the institution should be Rs 1.25 lakh per month. Even existing SBI accounts may be converted to SBI salary accounts once the tie-up takes place.