SBH announces extension of SSS campaign

The State Bank of Hyderabad (SBH) has extended the SBH Smart Salary (SSS) campaign to the salaried class employees’ up to March 31. SSS accounts are exclusively meant to suit the salaried employees, keeping in view their limited spare time for visiting the branch, for any type of service.

More than two lakh customers have been enjoying SSS account benefits in SBH. SSS is designed with the twin objective of convenience to employer and comfort to employee. Employers can credit salary disbursements in one go to all their employees’ salary accounts. SBH Smart Salary (SSS) accounts are zero balance accounts with multi option deposit facility for automatically investing surplus funds over threshold limit of Rs 10,000, thereby earning higher rate of interest.

Overdraft facility of up to three months of net monthly salary is also a built-in feature, at an interest rate of 1.35% per month, calculated on daily balances. SBH Smart Salary accounts have two variants SSS Gold and SSS Silver. Facilities offered to SBH SSA customers include ATM Card and add on card, waiver of annual maintenance fee for ATM card, free mobile banking facility, free demand drafts up to Rs 20,000 for SSS Silver and up to Rs 50,000/- for SSS Gold, free NEFT outward remittance up to Rs 1 lakh, processing fee waiver on jewellery loans and ATM cash withdrawal limit of Rs 40,000 per day in 25,000 plus State Bank group ATMs. The additional benefits to be offered to customers who open their SSS accounts during campaign period would be free Personal Accident Insurance (PAI) cover of Rs 2 lakh of SBI General Insurance for the first year and 0.25% reduction in processing fee on personal loans.