Comparative Analysis of Benefits Provided by Banks to State Government Employees
SI. No. Benefits State Bank of India logo
SBI 		Indian Overseas Bank logo
IOB 		Indian Bank logo
Indian Bank		 Canara Bank logo
Canara Bank		 Axis Bank logo
Axis Bank		 Bank of Baroda logo
Bank of Baroda 		Union Bank of India logo
UBI 		Punjab National Bank logo
PNB 		Bank of India logo
Bank Of India 		Tamil Nadu State Cooperative Bank logo
TNSC Bank 		Central Bank of India logo
Central Bank of India
Civillians
(Public servants)		 Non Civillians
(Uniform services)
Eligibility
1 Regular and Permenant employees More than Rs.10000 only All employees More than Rs.10000 only All employees More than Rs.10000 only All employees All employees All employees All employees More than Rs.15,000 only All employees All employees
2 Departments Only full time Government servants and Police personnels All employees All employees All employees All employees All employees All employees All employees All employees All employees All employees All employees
3 Age upto 60 years upto 60 years upto 60 years upto 65 years upto 60 years upto 70 years upto 60 years upto 70 years upto 60 years upto 60 years upto 60 years upto 60 years
4 Local Bodies, Boards,
Corporations, Agencies,Universities etc.,		 Only Universities and Boards are covered. Eligible Eligible Eligible Eligible Eligible Eligible Eligible Eligible Eligible Eligible Eligible
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 Rs.10 Lakhs Rs.11Lakhs Rs.10 Lakhs A - Rs.15 Lakhs,
B - Rs.10 Lakhs,
C - Rs.5 Lakhs
2 Personal Accident Insurance - Death Rs.100 Lakhs Rs.120 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 Rs.100 Lakhs Rs.130 Lakhs Rs.100 Lakhs A- Rs.150 Lakhs,
B- Rs.120 Lakhs,
C- Rs.100 Lakhs
3 Effective Date for Term Insurance 22-07-2025
(22nd of succeeding month from the date of MoU signed or date of sharing the employee details)		 26-05-2025
(7th day from the date of MOU signed)		 30-06-2025
(After one month of continuous salary credit)		 14-06-2025
(After 10 days from the date of sharing of employee details)		 17-06-2025
(30th day from the date of MOU signed)		 17-06-2025
(30th day from the date of MOU signed)		 17-06-2025
(30th day from the date of MOU signed)		 19-05-2025
(From the date of MOU signed)		 19-02-2026
(10th day from the date of MOU signed)		 30-03-2026
(30th day from the date of first salary credit)		 21-02-2026
(10 days after the date of sharing the employee details)		 01-04-2026
(Next calendar quarter from the date of opening/conversion of Account)
Effective Date for Personal Accident Insurance 04-06-2025
(4th of succeeding month from the date of MOU signed)		 Same as Term Insurance Same as Term Insurance Same as Term Insurance Same as Term Insurance Same as Term Insurance Same as Term Insurance Same as Term Insurance Same as Term Insurance Same as Term Insurance Same as Term Insurance Same as Term Insurance
Effective Date for a Newly joined employee Term Insurance(22nd day from the date of credit of first salary)Personal Accident Insurance(4th day from the date of credit of first salary) 22nd of next month of First Salary credit After two months of continuous salary credit 22nd of next month of First Salary credit 60th day from the date of credit of the First salary 22nd of next month of First Salary credit 22nd of next month of First Salary credit 22nd of next month of First Salary credit 22nd of next month of First Salary credit 22nd of next month of First Salary credit 22nd of next month of First Salary credit Next calendar quarter from the date of opening/conversion of Account
4 Personal Accident Insurance - Permanent Total Disability Rs.100 Lakhs Rs.120 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 as per IRDAI guidelines Rs.130.00 Lakh as per IRDAI guidelines A - Rs 150.00 Lakhs,
B - Rs 120.00 Lakhs,
C - Rs.100.00 Lakhs
5 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 as per IRDAI guidelines Rs.65 Lakh as per IRDAI guidelines A - Rs 75.00 Lakhs,
B - Rs 60.00 Lakhs,
C Rs - 50.00 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) Upto Rs.10 Lakhs* Conditions Apply Rs.5 Lakh for two girl children Upto Rs.10 Lakhs* Conditions Apply Upto Rs.10 Lakhs* Conditions Apply
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)		 Upto Rs.10 Lakhs* Conditions Apply Rs.5 Lakh for 2 daughters Upto Rs.10 Lakhs* Conditions Apply Upto Rs.10 Lakhs* Conditions Apply
Super top up Health Insurance plans- (Cost to be borne by the employee)- Optional choice
1 15 lakh / 2 lakh deductible 1 Adult :
2 Adult :
1 Adult + 1 Child :
2 Adult + 2 Child :
 1 Adult :
2 Adult :
1 Adult + 1 Child :
2 Adult + 2 Child :
 1 Adult :
2 Adult :
1 Adult + 1 Child :
2 Adult + 2 Child :
 1 Adult :
2 Adult :
1 Adult + 1 Child :
2 Adult + 2 Child :
 1 Adult :
2 Adult :
1 Adult + 1 Child :
2 Adult + 2 Child :
 1 Adult :
2 Adult :
1 Adult + 1 Child :
2 Adult + 2 Child :
 1 Adult :
2 Adult :
1 Adult + 1 Child :
2 Adult + 2 Child :
 1 Adult :
2 Adult :
1 Adult + 1 Child :
2 Adult + 2 Child :
 NIL NIL NIL NIL
2 30 lakh / 3 lakh deductible 1 Adult :
2 Adult :
1 Adult + 1 Child :
2 Adult + 2 Child :
 1 Adult :
2 Adult :
1 Adult + 1 Child :
2 Adult + 2 Child :
 1 Adult :
2 Adult :
1 Adult + 1 Child :
2 Adult + 2 Child :
 1 Adult :
2 Adult :
1 Adult + 1 Child :
2 Adult + 2 Child :
 1 Adult :
2 Adult :
1 Adult + 1 Child :
2 Adult + 2 Child :
 1 Adult :
2 Adult :
1 Adult + 1 Child :
2 Adult + 2 Child :
 1 Adult :
2 Adult :
1 Adult + 1 Child :
2 Adult + 2 Child :
 1 Adult :
2 Adult :
1 Adult + 1 Child :
2 Adult + 2 Child :
 NIL NIL NIL NIL
Other Benefits
1 No minimum balance Yes Yes Yes Yes Yes Yes Yes Yes Yes NIL 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 Yes NIL Yes Yes
3 Free cheque book facility Yes (25 leaves) Yes Yes Yes (200 leaves/ annum) Yes Yes Yes Yes
(40 -100 Leaves)		 Yes NIL Yes (50 leaves) Yes
4 No DD charges Yes Yes Yes Yes- unlimited for Gross salary above 50000/- Yes Yes Yes Yes Yes NIL Yes* 5 per quarter upto Rs.2.00 Lakh
5 Free email and SMS alerts Yes Yes Yes Yes Yes Yes Yes Yes Free SMS Alert NIL Yes Free SMS Alert
6 Free internet and mobile banking Yes Yes Yes Yes Yes Yes Yes Yes Yes NIL Yes NIL
7 No charges for NEFT / RTGS / IMPS Yes Yes Yes Yes Yes Yes Yes Yes Yes NIL 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 Yes (Own Bank).Other banks (3 times) NIL Yes (Own Bank) Other banks (3-5 times) Yes (Own Bank) Other banks (5 times)
9 Instant Overdraft NIL Yes. 2 Months Net Salary Overdraft facility- upto one month salary Upto Rs. 3 lakhs Yes *
Conditions Apply		 Upto Rs. 3 Lakh Upto Rs. 3 Lakh Up to 90% of one month/two month Net Salary* Available NIL Upto Rs. 1 Lakh* upto 1 month gross 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% Yes *Conditions applied NIL upto 15% upto 25%
11 Sweep facility Yes No Yes Yes Yes Yes Yes NIL available for net pay of Rs 75,000/- and above NIL Yes Yes*
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)		 Personal Accident upto Rs 10 Lakh NIL NIL Personal Accident and Permanent Disability insurance (with PoS condition 30 days) - Rs.10 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) One Complimentary health check-up package every quarter NIL NIL one complimentary premium Health checkup package on quarterly basis
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 1 Free in a Calender Quarter NIL NIL 3 times per calendar year and one per quarter per card in any of the 50 + participating Domestic Airport lounges.
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 2 Free in a Calender Year NIL NIL 3 times per calendar year in any of the 500 + participating International Airport lounges.
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 one complimentary 12 months Amazon Prime Video or Hot star membership NIL NIL one complimentary 12 months Amazon Prime Video/ZEE5 HD membership or sony Liv membership every year.
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 one complimentary SPA service for every quarter NIL NIL one complimentary SPA service for 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 Flat 10% off upto Rs.1,500/- per year in Make my Trip for Optima and Imperial accounts NIL NIL one complimentary INR 100 coupon for Ola/Uber cab services every quarter.
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 one complimentary Golf lesson or Round every quarter. NIL NIL 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* one Gym membership every quarter NIL NIL one complimentary 3 months cult.fit/cure fit Live subscription or cult fit 1 month Elite Pass subscription
10 Concierge services 24*7 concierge service Yes Yes NIL Available on Higher Variant Debit Cards NIL NIL Yes 24*7 concierge service NIL NIL NIL
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* NIL NIL NIL Exclusive offers from partner merchants*
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 •12 EMIs off* with Fast Forward Home Loans
•Quick Pay Home Loan helps in Interest savings with reducing monthly instalments.
Higher amount of principal repaid earlier in the loan tenure
•Super Saver HL –OD facility. Pay interest for what you use,
surplus money deposit and withdrawal facility 		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		 100% concession in upfront fees & documentation charges NIL NIL 100% concession in Processing Fee
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 •Upto100%* On Road funding
•Special waiver in repaying loans from the Axis Bank Salary Account*
•NIL foreclosure Charges after 36 months
•Loan tenure upto7 Years*
•Waiver in income documents & bank statement
•InstaSanction Loan Available on Digital Platform
 Rate of Interest - 0.10% Concession * Processing Charges: 50%* 100% concession in upfront fees & documentation charges NIL NIL 100% concession in Processing Fee
3 Personal Loan Processing Fee: 50 % concession +GST Interest rate concession from 1.25 % to 1.55%- concession* Waiver of 50% Processing Charges •No Collateral needed and easy to avail
•Loans starting from ₹ 50,000 up to ₹ 40 Lakh based on eligibility
•Specialized offerings for ticket sizes greater than 10 lacs		 Rate of Interest - 0.10% Concession * Processing Charges: 50%* 25% concession in upfront fees & documentation charges NIL NIL 100% concession in Processing Fee
4 Mortgage Loan NIL 0.10 BPS less than the card rate subject to eligibility and CIBIL score NIL Axis Bank Suvidha Salary benefits Rate of Interest - 0.10% Concession * Processing Charges: 50%* NIL NIL NIL NIL
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%* 100% concession in upfront fees & documentation charges NIL NIL 0.25-0.50% concession*
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 1. 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.
 
2. Super Protect Plus-Topup Health Insurance
Rs. 30 Lacs Top up Health insurance (Rs. 3 lacs Deductable) for Up to 2 Adults + 2 Children in discounted rate of Rs.1999 (incl of taxes) to be borne by Employee
plus.
Additional free complimentory Rs. 30 lacs Personal Accidental Insurance Coverage for Primary Account Holder 		Super Protect Plus-Topup Health Insurance
Rs. 30 Lacs Top up Health insurance (Rs. 3 lacs Deductable) for Up to 2 Adults + 2 Children in discounted rate of Rs.1999 (incl of taxes) to be borne by Employee
plus.
Additional free complimentory Rs. 30 lacs Personal Accidental Insurance Coverage for Primary Account Holder 		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 1. HospiCash for all types of treatments from Rs.30,000/- to Rs.60,000/- 2. Zero balance savings account for upto 4 family member Transportation of Dead body including mortal remains, Ambulance cover, Cost and Transportation of imported medicine, Family Transportation expenses NIL 1. Cost of Plastic surgery/burn - Rs.5.00 Lakhs 2. Death in coma after accident - Rs.5.00 Lakhs 3. Repatriation of Mortal remains and Ambulance charges - Rs.0.50 Lakhs each