Comparative Analysis of Benefits Provided by Banks to State Government Employees
SI. No. Benefits
SBI
IOB
Indian Bank
Canara Bank
Axis Bank
BOB
UBI
Civillians
(Public servants)		 Non Civillians
(Uniform services)
Insurance Benefits
1 Term Insurance Rs.10 Lakhs Rs.10 Lakhs Rs.10 Lakhs Rs.10 Lakhs Rs.10 Lakhs Rs.15 Lakhs Rs.15 Lakhs Rs.10 Lakhs
2 Personal Accident Insurance - Death Rs.100 Lakhs Rs.100 Lakhs Rs.100 Lakhs Rs.100 Lakhs Rs.100 Lakhs Rs.100 Lakh-Off Duty
Rs.125 Lakh- On Duty		 Rs.125 Lakhs Rs.120 Lakhs
3 Personal Accident Insurance - Permanent Total Disability Rs.100 Lakhs Rs.100 Lakhs as per IRDAI guidelines Rs.100 Lakhs Rs.100 Lakhs Rs.100 Lakh-Off Duty
Rs.125 Lakh- On Duty		 Rs.125 Lakhs Rs.120 Lakhs
4 Personal Accident Insurance - Permanent Partial Disability Up to Rs.80 Lakhs upto Rs.96 Lakhs as per IRDAI guidelines upto Rs.100 Lakhs upto Rs.75 Lakhs upto Rs.75 Lakhs Upto Rs. 93.75 Lakh Upto Rs. 120 Lakhs
5 Personal Accident Insurance - Higher Education Assistance upto Rs.10 Lakhs*
Conditions apply		 NIL upto Rs.10 Lakhs* Conditions apply upto Rs.10 Lakhs*
Conditions apply		 upto Rs.10 Lakhs*
Conditions apply		 upto Rs. 10 Lakhs*
Conditions apply		 NIL Upto Rs. 6 Lakh (Account Linked)
6 Personal Accident Insurance Marriage Assistance upto Rs.10 Lakhs*
Conditions apply		 NIL upto Rs.10 Lakhs*
Conditions apply		 upto Rs.10 Lakhs*
Conditions apply		 upto Rs.10 Lakhs*
Conditions apply		 upto Rs. 10 Lakhs*
Conditions apply		 NIL Rs. 2 Lakh
(Debit Card Linked)
Other Benefits
1 No minimum balance Yes Yes Yes Yes Yes Yes Yes Yes
2 No charge for issuance of debit card and credit card and waiver of AMC Yes Yes Yes Yes Yes Yes Yes Yes
3 Free cheque book facility Yes (25 leaves) Yes Yes Yes (200 leaves/ annum) Yes Yes Yes Yes
(40 -100 Leaves)
4 No DD charges Yes Yes Yes Yes- unlimited for Gross salary above 50000/- Yes Yes Yes Yes
5 Free email and SMS alerts Yes Yes Yes Yes Yes Yes Yes Yes
6 Free internet and mobile banking Yes Yes Yes Yes Yes Yes Yes Yes
7 No charges for NEFT / RTGS / IMPS Yes Yes Yes Yes Yes Yes Yes Yes
8 Free ATM withdrawals - unlimited Yes (Own Bank).
Other banks (10 times)		 Yes Yes (own Bank only) Yes (own Bank only) Yes (30 nos) Yes Yes Yes
9 Instant Overdraft NIL Yes. 2 Months Net Salary Overdraft facility- upto one month salary Upto Rs. 3 lakhs NIL Upto Rs. 3 Lakh Upto Rs. 3 Lakh Up to 90% of one month/two month Net Salary*
10 Concession in Locker Rent Yes *
Conditions applied		 Yes 25% on small and medium sized locker Upto 15%depending on salary bank Yes Upto 50 % Upto 50 % 25% to 50%
11 Sweep facility Yes Yes Yes Yes Yes Yes Yes NIL
Additional Benefits linked to Rupay Debit card
1 Insurance Personal Accident and Permanent Disability insurance (with PoS condition 45 days) - Rs.10 Lakh Rs.2 lakhs. Insurance protection under Rupay Select Debit Card Rs.10 lakh Rs. 2 Lakh For Rupay Platinum Debit Card* NIL Rs. 2 Lakh For Rupay Platinum Debit Card * Rs. 10 Lakh for bob world Yodhha Debit card Yes
(From Rs. 4 Lakh to 15 Lakh)
2 Health check up Once in a Year for Platinum and Rhodium Salary Package account holders NIL 4 / year worth 4000 INR NIL NIL NIL One Complimentary health check-up package every quarter Yes (1 per year)
3 Lounge access-Domestic Silver - 1 free visit a quarter, Gold - 1 free visit a quarter, Diamond - 2 free visits a quarter, Platinum & Rhodium - 3 free visits a quarter 1 Free in a Calender Year Domestic 8 / year worth 8000 INR 1 Free in a Quarter Yes- Primary Debit Card as per card usage 1 Free in a Calender Year 1 Free in a Quarter 2 Free in a Quarter
4 Lounge access- International 3 free international visits a year for Platinum and Rhodium customers 1 Free in a Calender Year International 2 / year worth 4000 INR 2 Free in a Year Available on Higher Variant Debit Cards 1 Free in a Calender Year 2 Free in a Year 2 Free in a Year
5 OTT Amazon Prime - Full Year Subscirption for Gold and above Salary Package Accounts NIL 6 / 12 months worth 999 INR NIL NIL NIL One Complimentary 12 months Amazon Prime or Hotstar membership or Sony Liv membership every year NIL
6 SPA / Saloon services SPA - Once in a Year for Platinum and Rhodium Salary Package account holders NIL 4 / year worth 8000 INR NIL NIL NIL One Complimentary SPA session or Salon Service every quarter One Complimentary SPA session or Salon Service every quarter
7 Travel / Cab Services Cab aggregator - once in a year for Platinum and Rhodum Salary Package Accounts NIL 4 / year worth 400 INR NIL NIL NIL One Complimentary INR100/- coupon for cab service every quarter Cab Services to Family Transportation to reach place of accident - Actual Cost or Rs. 20000/- Maximum
8 Golf Club Once in a Year for Platinum and Rhodium Salary Package account holders NIL 4 / year worth 8000 INR NIL Available on Higher Variant Debit Cards NIL One Complimentary Golf Lesson or Round every quarter One Complimentary Golf Lesson or Round every quarter
9 Gym access One month offline or 3 month online subscription for Platinum and Rhodium salary Package customers NIL 4 / year worth 6000 INR NIL NIL NIL One Complimentary Gym Membership every quarter (90 days for Home Workouts or 30 days for the Offline Workout) Yes*
10 Concierge services 24*7 concierge service NIL NIL NIL Available on Higher Variant Debit Cards NIL NIL Yes
11 Merchant Offers Swiggy offer for Gold and above Salary Package Accounts and Amazon offer for Silver, Gold and Diamond salary package accounts Exclusive offers from partner merchants. Please visit:
rupay.co.in/rupay-offers		 INR 9000 worth NIL Yes Exclusive offers from partner merchants. Please visit:
rupay.co.in/rupay-offers		 Exclusive offers from partner merchants. Please visit:
rupay.co.in/rupay-offers		 Yes*
Concessions in Retail Loan Products
1 Home Loan Processing Fee: 100% concession (Charges for TIR, Valuation, CERSAI, CIBIL charges etc., to be recovered from customer). 100% waiver of processing charges. Interest concession will be considered. Home loans above Rs.15 lakhs -Interest rate concession up to : 0.10 BPS* Waiver of 50% Processing Charges Available As per the Account Variant Upto 100 % processing charges waiver &Upto 0.25 % interest Concession on case to case basis Upto 100 % processing charges waiver &Upto 0.25 % interest Concession on case to case basis Rate of Interest - 0.05% Concession *
Processing Charges: 50% to 100% concession
2 Vehicle Loan Processing Fee: 50 % of Card Rate or ₹ 500/-, whichever is more is chargeable. Relaxation in Margin: 5% concession (LTV Subject to maximum of 100% of ex-showroom price of the vehicle) Vehicle loans above Rs.5 lakhs-Interest rate concession waiver up to: 0.10 BPS* Waiver of 50% Processing Charges Rate of Interest - 0.10% Concession * Processing Charges: 50%*
3 Personal Loan Processing Fee: 50 % concession +GST Interest rate concession from 1.25 % to 1.55%- concession* Waiver of 50% Processing Charges Rate of Interest - 0.10% Concession * Processing Charges: 50%*
4 Mortgage Loan NIL 0.10 BPS less than the card rate subject to eligibility and CIBIL score NIL Rate of Interest - 0.10% Concession * Processing Charges: 50%*
5 Education Loan NIL Educational Loans- processing fee waiver up to: 100% waiver on processing charge Waiver of 50% Processing Charges Rate of Interest - 0.10% Concession * Processing Charges: 50%*
6 Other Super Top up Health insurance
Plan for (1 Adult, 2 Adult , 2 Adult + 1 Child and 2 Adult + 2 Child) plan with Sum Insured option ₹15 lakh with ₹2 lakh deductible and ₹30 Lakh with ₹3 lakh aggregate deductible by Bajaj Allianz General Insurance Co. ltd. on individual payment basis (To be borne by customer ).		 Other retail Loans - Housing Top Up, Home Improvement, Home Decor, Home Advantage, IOB Scholar, IOB SHRIST, Loan Against Property, IOB Surya, Consumer Durable Loans etc -100% waiver of processing charges. Interest concession will be considered on case to case basis. Free Demat Account first AMC waived 50% concession on both delivery and intraday equity trade through channel partner NIL BOB Other FREE offerings FREE HOSPICASH: Daily Rs. 2000/- reimbursement towards hospitalization (Rs. 4000/- in case of ICU). Maximum for 30 days in a year. NIL HospiCash for IPD, Cost of Plastic Surgery (Burn), Transportation of Imported Medicines, Reimbursement of Ambulance Charges for transportation to Hosiptal following incident and dead body to the place of residence, Air Ambulance, Repartiate of Mortal remains of Insured person