GOVERNMENT OF MEGHALAY A

FINANCE (ESTABLISHMENT) DEPARTMENT, SHILLONG.

No.F£0.29/2002/223 Dated Shillong, the 2ih November,2012

ORDER BY THE GOVERNOR

NOTIFICATION

The State Government has executed an Memorandum of Understanding (MoU) with the
State Bank of India on the 16th November, 2012 for extension of the SBI's State Government
Salary Package scheme to the State Government employees banking with SBI in the State. The
period of the MoU is initially 3 (three) years which may be extended for a further period of 3
(three) years or as mutually agreed by both the parties.

The essential features of the Memorandwn of Understanding is as below :

1. The salary of State Government employees opting for SGSP scheme shall be credited to
their respective SGSP accounts through the Treasuries of the State. Treasuries shall issue
treasury advices at least 3 (three) days in advance ofthe due dale, The Advices shall be in
hard copy as well as soft copy as per format to be mutually decfded by both parties.

2. SBI shall credit the salary of State Government employees :having SGSP account in
various branches SBI by the first working day of the month or!on dates to be notified by
Finance Department.

3. All other sundry Government payments during the month shall likewise be credited to the
employee's account as authorized by the pay and account offices of Government of
Meghalaya. In case of a failed transaction, the respective pay and accounts offices shall
be informed likewise within 2 (two) working days.

4. SBI shall run a check band on Name and Account No. in respect of such employees and
shall ensure that the salary is promptly credited to respective accounts and availab]e for
withdrawal at the commencement of the normal banking hours on the scheduled date of
disbursement of salary.

In cases where a particular transaction do not go through due to one reason or the other,
SBI shall inform the pay and accounts offices and forward a list of the employee(s)
included in such transaction along with the reason thereof within 48 hours/2 (two)
working days after the scheduled date of disbursement SBI shall endeavour to ensure that
cases are not returned for frivolous reasons.

5. SBI shall not charge any commission or service charge from either the individual or the
State Government for the services.
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6. Features and facilities of SGSP scheme for SBI salary account holders
./ Zero Balance account
./ Lifetime unique account number .
../ Usage ofthe SBI ATM network free of charge.
./ Usage of other banks ATMs free of cost subject to RBI regulations as applicable
from time to time .
./ Preferential allotment of safe deposit lockers, subject to availability .
./ Personal Accidental Insurance (Death) cover, es per Bank's scheme at
Bank's cost valid up to 31.12.2012, as detailed below.

7. Additional facilities -The following additional facilities will also be provided by SBI to
the SGSP account holders, depending upon the category of account.

A. Category Class-4 Class-3 Class-2 Cla~s 1

ofSGSP
Account For Group IV For Group III For Group II For Executives,
bolder Employees employees employees Senior Officers
drawing basic pay drawing basic pay drawing basic pay and Grade I
ofRs. l2700/- and above ,Rs.12700/­ above Rs.l4700/· employees
below. but below but below drawing basic pay
Rs.l4700/­ Rs.26700/­ above Rs.26700/-.

B. ATMcum Silver Gold Diamond Platinum

Debit Card
• Domestic Card. • International • International • International
facility,
Maestro Gold Debit Gold Debit Platinum Debit
including
Card. (Master Card. (Master Card. (Master
Supplemen-
Card or Visa) Card or Visa) Card or Visa)
tary Card

for Joint

• Free ofcharge • Free of charge • Free ofcharge • Free of charge

Account

bolder
• No annual • No annual • No annual • No annual
maintenance maintenance maintenance maintenance
charges. charges. charges. charges.

C. Transaction Any number of Any number of Any number of Any number of

atATM transactions transactions transactions transactions
subject to a subject to a max. subject to a max subject to a max of
maximum limit of of$ 1,000 per day of$ 1,000 per day $ 2,000 per day
Rs.40000/• per
day.
( Rs.50000/- in
India) for
International Card
(Rs.50000/- in
India) for
International
I (Rs. l 00000/- in
India) for
Platinum
Card. j International Card
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D. Transfer of • Free for SGSP • Free for SOSP • Free for SGSP • Free for SGSP
funds account holder account holder account holder account holder
between
SBI • Charges to • Charges to • Charges to • Charges to
branches. beneficiary beneficiary beneficiary beneficiary
account holder account holder account holder account holder
for trlUlsaction for transaction for transaction for transaction
above above above above
R$.20,000/- as Rs.20000/- as Rs. 20,000/- as Rs. 20,000/- as
applicable. applicable. applicable. applicable.

E. 'Multi City
Available Available Available Available
Cbeque
Charges : NIL Charges : NIL Charges : NIL Charges : NIL
facility
payable at par
at all Branches
Transactional Transactional Transactional Transactional
with a Cap of
Charges : NIL Charges :NIL Charges : NIL Charges : NIL
Rs 2lac per
cheque)

F. Cbeque Unlimited & free Unlimited & free Unlimited & free Unlimited & free
Book (Except tor bulk
(Except for bulk (Except for bulk (Except for bulk
requirement for requirement for requirement for requirement for
EMis payable to EMis payable to EMis payable to EMls payable to
other banks/ other banks/ other banks/ other banks/
Fls/NBFCs) FlsiNBFCs) Fls/NBFCs) Fls/NBFCs

G. Passbook Yes Yes Yes Yes

Free updating at Free updating at Free updating at Free updating at
Non Home Non Home Non Home Non Home
Branches Branches Branches Branches
H. Savlnr, Plus
Threshold amount: Threshold amount . Threshold amount Threshold amount
Rs. ISOOO/- . RsiSOOO/-. : Rs. ISOOO/-. : Rsl5000/-.
Auto Sweep
TDRs/STDRs to TDRs/STDRs to TDRs/STDRs to TDRs/STDRs to
Facility be created for a be created for a
be created for a be created for a
minimum amount minimum amount minimum amount minimum amount
ofRs.lO,OOO and of Rs.l 0,000 and of Rs. l 0,000 and of Rs .lO,OOO and.
in multiple of in multiple of in multiple of in multiple of
Rs.l ,000 in any Rs.l,OOO in any Rs.l,OOO in any Rs.l ,000 in any
one instance. one instance. one instance. one instance.
I. Utility Bill
Free of Cost (as per Free of Cost (as per Free of Cost (as per Free of Cost (as per
Payments
the present scheme) the present scheme) the present scheme) the present scheme
through
Internet
J. Concession Nil Nil Nil 25% as applicable
in locker for SB I Vishesh
charges
K. Interest Express Express Express Express
concession Credit - Credit- Credit- Credit-
on personal 0.50% less than the 0.50% less 0 .50% less 0.50% less
segment card rate. than the card rate than the card rate than the card rate
loans
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L. Concession 5% on Home Loan 5o/e on Home Loan 5% on Home Loan 5% on Home Loan
in margin (upto Rs. 50 lakh (upto Rs. 50 lakh (upto Rs. 50 lakh (upto Rs. 50 lakh
requirement only) and Car Loan only) and Car Loan only) and Car Loan only) and Car Loan
(for new Cars only) (for new Cars only) (for new Cars only) (for new Cars only)

M. Pr~essiDg
Housing- 50% of Housing- 50% of Housing- 50% of Housing- 50%
charges
the applicable Card the applicable Card the applicable Card of the applicable
on

rates rates rates Card rates

Personal

segment loans
Car Loan- Car Loan ­ Car Loan- Rs Car Loan-
Rs 500/- per Rs 5001- per 5001- per Rs 500/- per
application application application application
Xpress Credit ­ Xpress Credit ­ Xpress Credit ­ Xpress Credit ­
50%ofthe 50% ofthe
SO% ofthe 50% of the
applicable Card rate applicable Card
applicable Card rate applicable Card rate
rate

N. Mode of Check- off facility/Standing Instructions on Salary Account witb

Repayment
6 Post dated cheques .

0. Security Waiver of interim Waiver of interim Waiver of interim Waiver of interim

security in case of security in case of security in case of security in case of
delayed mortgage delayed mortgage delayed mortgage delayed mortgage
where check off is where check off is where check off is where check off is
available available available available

• Loan shall be sanctioned to SGSP account holder subject to fulfillment ofe ligibility criteria
and the tenns and conditions prescribed by SBI.
• The Loan amount shall be based on the Equated Monthly Installment I Net Monthly Income
(EMI I NMI ) percentage and shall not exceed the prescribed nonns stipulated by the Bank.
• Concessional rates apply to Card rates only and shall not apply to the rates during the

campaign period.

• The concession on Express credit Loan will be available up to 3l.l2.2012 and will be

continued thereafter subject to review.

• Margins after concession should not be less than 10%. The margin on Housing Loan will be in
line with risk based premium/discounted interest rates
P. EZtrade
(3-in-one
1"1 year Demat 1$1 year Demat 191 year Demat 1!t year Demat
account):
account opening account opening account opening account opening
demat, share
Charges@ Rs Charges @ Rs Charges@ Charges@
trading and 400/- waived 400/- waived. Rs 400/-waived Rs 400/- waived
Savin£ Account
Q. Gold Coin 1% concession on card rate for purchase of2,4,5,8,10,20 and 50 gm denominations.
An additional concession of0.5% on card rate will be available during
festivals/Cam~aigils. Total concession not to be exceeds 1.5% on card Rates.

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R. Personal Rs.llac Rs.S lacs lb. 51acs Rs.Slacs

Accidental personal personal personal personal
Insurance aecident accident accident accident
(Death) insurance cover insurance cover insurance C9Ver msurance cover

...
cover
The Personal Accidental lnsuJ1lD.ce (Death) cover is valid up to
31.12.2012 and will be reviewed thereafter.
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S. Personal Accident Cover and Purchase Protection co;verage

i) The PAI Cover will be available only to SGSP ATM card holder.

ii) Only Debit cards issued to the Primary Account Holders are coyered.

iii) I n case ofmultiple card§ issued'to a single account nwnber, only one card will be
taken in to consideration.· ~ · ·

iv) In case of (iii) above; if the account holder has been i8Sued more than one ATM
Card and such car4s are different categories e.g. Domestic Card, International;
Gold A1M Cards, International Platinum Cards etc, then only the highest card
variant shall be covered,
. .
v) In case of multiple account related to a single CIF, only one account will be taken
into consideration. ·

,.
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T. LostJTheft/damage
(a) Card Liability. International PlatinWJl Card holder will enjoy Lost Card Liability
Coverage up toRs 50,000/- .-.
'
(b) Purchase Protection up to 'as. 5000/- per card - In case of theft/damage of the
goods purchased on., the Debit Card, insurance up to a maximum of Rs. 5000/-. is
available to dom~tic Slid Gold International ATM cards holders up to 60 days from
the date of purchase or expiry·date of the policy, whichever is earlier. Claim is to be
submitted to and settled by the Insurer Company proViding cover and Barik s~l have
n() liability towards any claim/dispute.

8. Employees of the State Government drawing salary through account payee system and ..
banking with SBI may avail the SGSP scheme by submission of an option in prescribed
format at Annexure i to convert the~ salary account to SGSP accounts:
9. Employees of the State Governm~t drawing salary through account payee system and
banking with non-SBI banks may also avail the scheme after opening account with SBI
subject to condition in para 10 below.

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10. No Objedion Certifi~ate for opening SBI •~~ounU SGSP a~count

For employeei banking with Non-SBI Banks,. SBI 8J;Id Controlling Officers/Drawing
and Disb:ursing Officers shall ensure that employees shall have to obtain an No Objection
Certificate from respective banks (to which their salary .is being credited presently)
. · before entertaining application for opening new account for SBI account/SGSP account.
11•. In case ofan employee desiring to .opt out from the SGSP-scheme or to switch to another
Bank in respect of credit <Jf salary, such employees shall haye to obtain No Objection
Certificate &QC) from SBI as per Annexure IL . . . . .
12. The Draw~sbuning om~en ·shall inform the Treasuries for each and every
case under paras 8. aiui..9f 1n respect of cases under para 9, the Drawing and Disbursing
Officers shall also hav~ to ehclo5e a.certificate that the condition under para l 0 bas been
complied.
13. S~te Government employees desiring to avail Person Accidental Insurance Cover
untler para 1.1l of the s~.heme shall have to exercise action as under paras 8 or 9
within the 15~ December 2012.. . · . . . .
t4. This onkr comes into effect from the 16th November 2012.
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(D.Mukhim)
Under Secretary to the Oovt. ofMeghalaya,
Finance Department. ·
Memo No.FEG.2912002/223-A Dated Shillong, the 27th November,2012
·i Copy to:;.

.· . l , ~e.I>S to the Hon'hle ChiefMinister ofMeghalaya, fotthe information ofthe Chief

. ·Minister. · .. .
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2. PS to the Chief Secretary, Government ofMeghalaya f~r the information ofthe Chief
Secretary. : . ; . ·

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3. PS to the Additional. Chlef.' Secretaries to· Government of Meghalaya, Finance
·Department, for the information ofthe·Additional ChiefSecretary.
4.. All Administrative'Departments. .
y--All Heads ofDepartments. They are requested.to circulate copy of the Notification to
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all Subordinate/Controlling/Drawing & Disbursing Officers. : -.. . .
6. All commissioners of DiVisions. ·
··7. All Deputy Commissioners.
r 8. The·Director ofAccounts and Treasuries, Meghalaya.
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9. AllTreasU!y·Officers, for information and necessary action.
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By Order, etc.,

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; ·' · ct~..t 1· ·rt~ · . Under Secretary to the Govt. ofMeghalaya,

· Finance Department

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 An:nexure2

Acknowledged Receipt

(Signature of Branch Manager with

Signature Number and Branch Stamp)
The Branch Manager

StB.tf Bank ofIndia ~-:~ • Date.of Receipt

.

Branch · ~ ··~·····-f:...~..f..,:.:.._..••-....·--····-··
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Dear Sir,

STATE GOVERNMENT SALARY PACKAGE- REQUEST FOR.ISSUANCE OF

NOC TO TRANSFER SALARY FROM SGSP . ACCOUNT WITH ·SBI TO
ANOTHER BANK

I. I maintain a SGSP SB account with your branch and the account nwnber is
I am presently employed as with Govt. of
Meghalaya in Department as My present address is

2: ~-· i request you to issue me a No Objection Certificate as I desire tQ change my salary bank
from where I draw my monthly ; salary i.e. SBI Br to
Bank: · for the following reason:

.3. I further declare that I have no loan(s) outstanding with SBI.

Yours faithfully,

Date:
Name:
Place: (with Designation and Department)

Address:·

To be submitted to the Bank in duplicate and acknowledgement obtained from ·the Branch
Manager of SBI on the second copy, duly stamped including date of receipt by the Bank.