Banking Services for Railway Personnel

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SOUTH WESTERN RAILWAY

*SWR Partners with SBI to Enhance Banking Services for Railway Personnel*

South Western Railway (SWR) has partnered with the State Bank of India (SBI) to provide enhanced banking services for railway personnel under the Railway Salary Package (RSP). This collaboration aims to improve employee welfare by offering tailored financial solutions, including the automatic upgrade of existing SBI salary accounts to RSP through a simple application process.

The RSP includes benefits such as free access to SBI’s extensive ATM network and limited free transactions at other banks’ ATMs. Employees can enjoy Anywhere Banking through SBI’s Internet and Mobile Banking platforms, including the YONO app. Additionally, the package offers free Shopping-cum-ATM/Debit Cards for primary and joint account holders and personalized financial advisory services.

Employees benefit from comprehensive insurance coverage, including ₹1 crore Personal Accident Insurance and ₹1.6 crore Air Accident Insurance. Other features include disability coverage, Child Education Assistance, Girl Child Marriage Assistance, and add-ons for medical emergencies like ambulance services and plastic surgery expenses. Simplified access to loans, free NEFT/RTGS transactions, free demand drafts, and concessions on locker rents are also available.

Family members of SWR employees are covered under SBI’s Rishtey program, offering zero-balance savings accounts with benefits like ₹5 lakh personal accident insurance, free ATM usage, auto-sweep facilities, and locker rental concessions. The New Age SBI RuPay Card, available in different tiers, offers perks such as Amazon Prime memberships, MakeMyTrip discounts, and BookMyShow offers, along with airport lounge access and substantial insurance coverage.

This partnership ensures SWR employees and their families receive best-in-class financial services, enhancing financial security and convenience.

Dr. Manjunath Kanamadi
Chief Public Relations Officer
South Western Railway, Hubballi