Being an IAS (Indian Administrative Service) or IPS (Indian Police Service) officer is not just a job—it’s a service to the nation. Along with prestige, these roles come with challenges and risks. To support officers and their families, State Bank of India (SBI) has designed a special salary package called “SBI Royale” under the Central Government Salary Package (CGSP) and Police Salary Package (PSP).
This package is more than just a bank account. It offers a unique blend of financial privileges, insurance benefits, and lifestyle perks tailored to the needs of officers serving the country.
In this blog, let’s break down the SBI Royale Package for IAS and IPS Officers in simple language—its eligibility, features, insurance benefits, health coverage, debit card advantages, family account options, and loan facilities.
Who is Eligible?
The SBI Royale Package is exclusively for:
- All IAS officers
- All IPS officers
So, if you are part of these services, you can directly apply for this special salary account.
Why SBI Royale is Special
Most banks offer salary accounts with basic benefits. But IAS and IPS officers face higher risks in their duties—whether it is tackling crime, disasters, or serving in remote and high-risk zones. SBI Royale takes these realities into account and offers:
- Higher insurance coverage (life, accident, disability)
- Special add-on covers for situations like death in action, terrorist attacks, or duty abroad
- Family benefits for education, marriage, and financial protection
- Exclusive debit card privileges and lifestyle discounts
- Top-up health insurance plans
Simply put, this account ensures that both the officer and their family are financially protected.
Insurance Benefits under SBI Royale
One of the strongest features of this package is its comprehensive insurance cover. Let’s simplify what you get:
1. Life Insurance Cover
- Group Term Life Insurance (Death Cover): ₹20 lakh
- This is available even if no ATM/debit card transactions are made.
2. Accident Insurance
- Personal Accident Insurance (PAI): ₹1.30 crore
- Permanent Disability Cover (Accidental): Up to ₹1.30 crore
- Partial Disability Cover: Depending on extent of injury
- Air Accident Insurance: ₹1.90 crore (valid if ticket purchased via salary account or when traveling on official duty aircrafts)
3. Special Add-On Covers (for accidental death cases, if PAI claim is accepted)
- Death in Action against Terrorist/Naxal/Enemy Forces: ₹10 lakh
- Plastic Surgery/Burn Treatment: Up to ₹10 lakh
- Transport of Imported Medicines: ₹5 lakh
- Death after Coma (48+ hours after accident): ₹5 lakh
- Air Ambulance Charges: ₹10 lakh
- Child Education Support:
- Son: ₹8 lakh (graduation only)
- Daughter: ₹10 lakh (graduation only)
- Son: ₹8 lakh (graduation only)
- Girl Child Marriage Cover: ₹5 lakh each (max 2 daughters, up to ₹10 lakh)
- Family Travel to Accident Location: ₹50,000
- Repatriation of Mortal Remains: ₹50,000
- Ambulance Charges: ₹50,000
4. Extra Insurance for Risky Duties
- Death in Action (Anti-national Activities, Terrorist, Naxalite, Ambush): ₹10 lakh
- Death while on Duty Abroad: ₹10 lakh
- Extra Insurance via Debit Card:
- PAI: ₹10 lakh (RuPay Platinum debit card, with conditions)
- Air Accident Cover: Up to ₹1 crore (with PoS transaction condition)
- PAI: ₹10 lakh (RuPay Platinum debit card, with conditions)
Health Insurance Benefits
Besides accident and life insurance, officers can opt for top-up health insurance for themselves and their families. This is not free, but available at concessional premium rates.
Flexi Health Protect Plan (Super Top-Up)
- Coverage Options:
- ₹15 lakh cover with ₹2 lakh deductible
- ₹30 lakh cover with ₹3 lakh deductible
- ₹15 lakh cover with ₹2 lakh deductible
- Who Can be Covered: 1 adult / 2 adults / 2 adults + 1 child / 2 adults + 2 children
- Premium (per year, including taxes):
- Starts from ₹1,623 for single adult (₹15 lakh cover)
- Up to ₹2,495 for family of four (₹30 lakh cover)
- Starts from ₹1,623 for single adult (₹15 lakh cover)
Key Features
- Covers hospitalisation, daycare procedures, surgeries, AYUSH treatment
- Pre-hospitalisation (60 days) and post-hospitalisation (90 days) expenses covered
- Road ambulance up to ₹2,000
- Renewal up to 75 years of age
- Auto renewal available
- No waiting period for accidents; illness has 30-day waiting period
- Pre-existing diseases covered after 24 months
This ensures officers and their families have robust medical protection in addition to government health schemes.
Debit Card and ATM Features
The account comes with exclusive SBI debit card features that make both domestic and international transactions smooth.
- Free International Debit Card (Master/Visa/RuPay options)
- No Annual Maintenance Charges
- Free Debit Card for Joint Account Holder
- Unlimited free transactions at SBI ATMs in India
- 10 free transactions per month at other bank ATMs
- Cash Withdrawal Limits:
- ₹1 lakh/day in India
- Equivalent limit abroad (min ₹100, max ₹2 lakh/day)
- ₹1 lakh/day in India
- Purchase Limit Abroad: Equivalent to Indian limit
Other Banking Privileges
SBI Royale isn’t just about insurance. It makes day-to-day banking easier:
- Locker Facility: 50% concession in rental
- Multi-City Cheques: Free 25 leaves/month
- Standing Instructions: Free setup
- Demand Drafts & NEFT/RTGS: Free or heavily discounted
- Auto Sweep Facility: Earn higher interest automatically if balance exceeds set limit
- Unique Account Number: Stays same even if officer gets transferred
Family Benefits – SBI Rishtey
SBI understands that the family of officers also deserves financial security. That’s why “SBI Rishtey” Family Savings Accounts are offered.
- Can be opened for spouse, children, parents, siblings (max 4 accounts)
- Zero balance accounts
- Free Debit Card for each
- Free Accidental Insurance Cover: ₹5 lakh per member (up to 4 = ₹20 lakh total)
- RTGS/NEFT & DD charges waived if debited via Rishtey account
- 10% concession in locker rental
- Auto Sweep for better interest
- Loan Processing Discounts
This ensures the officer’s family also enjoys premium banking privileges.
Loan Facilities
SBI Royale account holders get concessions on loans:
- Home Loan: 50% waiver in processing charges
- Auto Loan: Same benefit
- Personal Loan (X-press Credit): Available at concessional terms
This makes it easier for officers to meet financial goals like buying a house or car.
Lifestyle & RuPay Card Benefits
Apart from financial and insurance perks, officers also get lifestyle offers through SBI’s RuPay Select debit cards:
- Free Health Check-Up (once a year)
- Amazon Prime Membership (1 year)
- Swiggy One Membership (3 months)
- MakeMyTrip Discount: 10% instant (up to ₹1,500, once per quarter)
- BookMyShow Discount: ₹250 off on 2 tickets (once per quarter)
- Gym/Spa Memberships: Complimentary once a year
- Lounge Access:
- 3 free domestic visits/quarter
- 3 free international visits/year
- 3 free domestic visits/quarter
- Golf Access: Once a year
- Cab Booking Offer: Once a year
- Emergency Cash Assistance Abroad
- 24×7 Concierge Services
These benefits ensure that SBI Royale is not just protective, but also rewarding.
How to Apply for SBI Royale
- Available under Central Government Salary Package (CGSP) for IAS
- Available under Police Salary Package (PSP) for IPS
- Officers need to submit:
- Account opening form or request for conversion of savings account
- Consent form for insurance benefits
- Account opening form or request for conversion of savings account
- Benefits start from the 4th of the following month after account opening/conversion
Why SBI Royale Matters
- For Officers: Provides security against life risks, higher insurance, smooth banking, loan benefits, and lifestyle perks.
- For Families: Education, marriage, and financial protection for children, plus family accounts with insurance and zero balance.
- For Duty Risks: Special add-ons for death/injury during combat, terrorism, naxalite operations, or service abroad.
In short, SBI Royale is not just a bank account—it’s a complete financial shield for India’s top civil servants.
Final Thoughts
The SBI Royale Salary Package for IAS and IPS officers is a thoughtfully designed banking solution that addresses the unique challenges of these prestigious services. With a mix of robust insurance cover, flexible health protection, exclusive banking benefits, and lifestyle rewards, it stands out as one of the most comprehensive salary packages in India.
For officers dedicating their lives to the nation, this package ensures that their families remain secure, their finances remain strong, and their lifestyle remains rewarding.