Government Employee News : State Bank of India is the largest government bank in the country. The same State Bank of India has taken an important decision for the government employees of the country.

If you are also working in government service or someone from your family is in government service and they have an account in State Bank of India, then this news will definitely be of use to you.

We would like to inform you that State Bank of India runs a special scheme for Government Employees. Under this, a special type of credit card is being provided by the bank to the government employees who have an account with the State Bank of India.

According to the information received, State Bank of India is providing express credit card facility to government employees. We would like to inform you that this express credit card from SBI is issued to provide loans to government employees in case of urgent need of money.

According to the information obtained from the official website of State Bank of India, Express Credit Card holder government employees can get a maximum loan of Rs 35 lakh. Under this, a government employee is sanctioned a loan of 24 times his monthly salary or up to a maximum of Rs 35 lakh.

That is, the loan that will be received through this scheme will depend on the salary of the person. Now the biggest question is what is the interest rate if you take a loan under this.

While taking a loan from Express Credit Card usually charges interest between 10.05 to 15.05. At the same time, the internal loan is being made available to the employees who are serving in the defense forces at a concessional interest rate of only 10.50%.

If you take a loan from this scheme, you have to repay the loan from at least six months to seven years or till you retire. The express credit card available under this scheme is given only to government employees whose minimum monthly salary is twenty thousand rupees and the important thing is that they have an account with SBI.