Exciting SBI RSP Account Benefits in 2025 for Railway Employees: Latest MoU Between Indian Railways and SBI
Good news for railway employees! The Indian Railways and State Bank of India (SBI) have signed a fresh 3-year Memorandum of Understanding (MoU) in September 2025. This ensures that railway employees will continue to enjoy exclusive facilities under the SBI Railway Salary Package (RSP) Account.
In this post, we’ll explain the latest SBI RSP account benefits, conversion process, insurance covers, family facilities, and even pensioner perks — all based on the official MoU & annexures circulated by the Railway Board.
Conversion of Existing SBI Salary Accounts to RSP
All existing SBI salary account holders in Indian Railways can convert their accounts to RSP by submitting a simple Application-cum-Undertaking form (Annexure I & Annexure II) at their home branch along with Railway ID and salary slip.
Once verified, the account will be converted to RSP and employees can start enjoying all the benefits.
👉 For your convenience, Annexure I & II will be provided in downloadable PDF format at the end of this post.
Types of RSP Accounts (Variants)
The RSP account comes in five variants, depending on your pay level:
- Silver – Pay Level 1–4
- Gold – Pay Level 5–7
- Diamond – Pay Level 8–9
- Platinum – Pay Level 10–13A
- Rhodium – Pay Level 14 & above
Each variant decides the debit card type, insurance cover, and lifestyle benefits you receive.
SBI RSP Account Benefits (Annexure III & IV Highlights)
Here are the key benefits railway employees get under the new MoU:
🔹 Insurance Coverage (Biggest Attraction!)
- Personal Accident Insurance (Death): ₹1 crore (without PoS condition).
- Air Accident Insurance: ₹1.6 crore.
- Permanent Total Disability Cover: ₹1 crore.
- Permanent Partial Disability Cover: up to ₹80 lakh.
- Group Term Life Insurance: ₹10 lakh.
- Purchase protection on debit card: ₹2 lakh.
Add-On Covers (if PAI claim is admissible)
- Plastic surgery/burn treatment – up to ₹10 lakh.
- Imported medicine transport – up to ₹5 lakh.
- Air ambulance cover – up to ₹10 lakh.
- Child higher education benefit – up to ₹8 lakh (₹10 lakh for girl child).
- Girl child marriage benefit – up to ₹10 lakh.
- Family travel cost to accident site – up to ₹50,000.
- Repatriation of mortal remains – up to ₹50,000.
🔹 Zero Balance & Free Banking Facilities
- No minimum balance required.
- Unlimited free transactions at SBI and non-SBI ATMs.
- Free multi-city cheque book (25 leaves/month).
- Free RTGS/NEFT (offline).
🔹 Free Debit Card
- Free RuPay Debit Card (Platinum or Select, depending on variant).
- Free supplementary debit card for family.
- Lifestyle benefits on the card:
- Amazon Prime subscription (Gold & above).
- Lounge access (domestic & international).
- Swiggy One membership.
- Movie ticket discounts on BookMyShow.
- Annual health checkups (Platinum/Rhodium).
🔹 Loan Facilities with Concessions
- Home Loan – 100% concession on processing fee.
- Car Loan – 50% concession in processing fee + 5% margin concession.
- SBI Personal Loan (erstwhile Xpress Credit) – 50% concession in processing fee.
- Lower interest rates compared to normal customers.
🔹 Health Insurance
- Super Top-Up Health Insurance:
- ₹15 lakh (with ₹2 lakh deductible).
- ₹30 lakh (with ₹3 lakh deductible).
🔹 Family Benefits – SBI Rishtey Account
Gold & above RSP holders can open SBI Rishtey Family Savings Accounts for up to 4 family members (spouse, children, parents, siblings).
Features:
- Nil minimum balance.
- Free debit card with no AMC.
- Unlimited free SBI ATM usage.
- Free SMS alerts.
- 10% concession on locker rentals.
- ₹5 lakh accident insurance cover for each family member (except minors).
Pensioners Also Covered (Annexure VIII)
For the first time, Railway Pensioners are also covered under this MoU. They will get:
- Zero balance pension account.
- Free passbook, internet banking, auto-sweep.
- Personal Accident Insurance: ₹30 lakh.
- Add-on covers (similar to employees, but limited amounts).
- RuPay Platinum Debit Card benefits: Amazon Prime, lounge access, Swiggy One, etc.
Annexure III – Features of RSP Account for Railway Employees
Annexure IV – Features of RuPay Debit Card for RSP Holders
Annexure VIII – Features of Pension Package for Railway Pensioners
How to Apply / Convert Your Account
- Download Annexure I & II (PDF) from here.
- Fill and submit it at your SBI branch with your Employee ID card and salary slip.
- Existing salary accounts will be converted to RSP after verification.
- New employees can directly open an RSP account.
Official Reference
- Railway Board letter dated 02.09.2025 (MoU between IR & SBI).
Bottom Line
👉 If you are a railway employee or pensioner, make sure your SBI account is converted to an RSP account by submitting the simple Annexure I/II form. Don’t miss out on these exclusive benefits specially designed for the railway family.
FAQs on SBI RSP Account Benefits 2025
1. Who are eligible for Railway Salary Package (RSP) ?
RSP account is offered to employees of Indian Railways, Kolkata Metro, Konkan Railway Corporation, Bangalore Metro Rail Corporation Ltd, Mumbai Metro, Delhi Metro Rail Corporation Limited, Lucknow Metro, Dedicated Freight Corridor Corporation of India and other forthcoming Metro Rail Corporation.
2. What are the SBI RSP account benefits for employees?
SBI RSP account benefits for employees include zero balance facility, personal accident and air accident insurance, auto-sweep and MOD features, free ATM card, discounted loan processing fees, and access to exclusive offers like Amazon Prime and Swiggy One membership. These benefits vary depending on the employee’s grade level and RSP account type.
3. What are the SBI RSP account ATM card charges and limits?
There are no annual ATM card charges for RSP account holders.
4. How to check SBI RSP account details?
You can check your SBI RSP account details via YONO app, SBI Net Banking, or by visiting your home branch. Account type, benefits, and balance can be viewed under the “My Accounts” section.
5. How to convert a normal SBI account to an RSP account?
To convert your SBI account to an RSP account, download application form PDF (Annexure-I and Annexure-II) from here. fill out the SBI RSP account application form and submit it to your home branch with latest salary slip and employee ID card.
6. Where can I download the SBI RSP account benefits PDF?
You can download the SBI RSP account benefits PDF directly from this post. The document includes all updated benefits.
7. How many types of SBI RSP accounts are available?
There are five types of SBI RSP accounts, each designed for specific pay levels of Indian Railway employees:
Silver Account – For Level 1–4 employees
Gold Account – For Level 5–7 employees
Diamond Account – For Level 8–9 employees
Platinum Account – For Level 10–13A employees
Rhodium Account – For Level 14 & above employees
Each variant offers unique SBI RSP account benefits, including different insurance coverage, debit card privileges, and ATM withdrawal limits.
8. What is the SBI RSP Gold Account and its benefits?
The SBI RSP Gold Account provides special perks such as personal accident insurance cover of ₹100 lakh, air accident insurance of ₹160 lakh, and free RuPay Platinum debit card with unlimited SBI ATM transactions. Additional benefits include ₹2 lakh purchase protection, access to Swiggy One, Amazon Prime membership, and 10% discounts on MakeMyTrip bookings.
9. What are the SBI RSP Platinum Account benefits?
The SBI RSP Platinum Account benefits include ₹100 lakh personal accident insurance, ₹160 lakh air accident insurance, and complimentary RuPay Select debit card offering Amazon Prime membership, airport lounge access (3 domestic visits per quarter), SPA and gym membership, and BookMyShow discounts. This premium variant also provides zero annual charges.
10. What are the SBI RSP Diamond Account benefits?
The SBI RSP Diamond Account benefits include ₹100 lakh accident insurance, ₹160 lakh air accident insurance, ₹2 lakh purchase protection, and ₹10 lakh group term life cover. The account comes with a RuPay Platinum debit card providing Amazon Prime membership, MakeMyTrip and BookMyShow discounts, and free airport lounge access twice per quarter.
11. What are the SBI RSP account ATM card charges?
All SBI RSP account ATM cards (RuPay Platinum or Select) are issued free of cost with no annual maintenance charges.
12. Does the SBI RSP account provide Amazon Prime membership?
Yes. Amazon Prime membership is included for eligible employees under SBI RSP Gold, Diamond, Platinum, and Rhodium accounts. The benefit is available via the RuPay debit card associated with the account. It also includes other rewards such as Swiggy One membership, BookMyShow discounts, and MakeMyTrip offers, depending on your account type.
13. What are the accident benefits under SBI RSP account?
Every SBI RSP account provides personal accident insurance of ₹100 lakh and air accident cover up to ₹160 lakh, depending on account type.
Additional SBI RSP account accident benefits include:
Permanent disability cover (up to ₹100 lakh)
Plastic surgery/burn cover (₹10 lakh)
Air ambulance cover (₹10 lakh)
Child education and marriage cover (up to ₹10 lakh)
Family transportation and repatriation of remains
These are valid until April 2026, subject to renewal of the insurance policy.
14. Where can I download the SBI RSP account benefits PDF?
You can download the SBI RSP account benefits PDF and SBI RSP account application form PDF directly from GovtJobPerks.com. These contain detailed features for all five variants — Silver, Gold, Diamond, Platinum, and Rhodium.”
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