STATE BANK OF INDIA - SALARY ACCOUNT UNDER DEFENCE SALARY PACKAGE (DSP

STATE BANK OF INDIA - SALARY ACCOUNT UNDER DEFENCE SALARY PACKAGE (DSP)
        (Details of Benefits given below and a vodeo on the package in Hindi embedded at the end)
     Defence personnel of the Army, Navy, Air Force, Indian Coast Guard, Assam Rifles, Rashtriya Rifles (RR) and GREF [Border Road Organisation (BRO)] can avail of Salary Accounts under Defence Salary Package (DSP)
      Available in four variants, namely Silver, Gold, Diamond and Platinum categorised on the rank of the personnel of Army, Navy, Air Force, Assam Rifles, RR and GREF (Border Road Organisation). PBORs are categorised in the Silver Variant; Officers are categorised under Gold, Diamond and Platinum Variants

DSP-Army

SILVER: JCOS & OTHER RANKS

GOLD: LIEUTENANT, CAPTAIN, MAJOR

DIAMOND: LT COLONEL AND COLONEL

PLATINUM: BRIGADIERS, MAJOR GENERAL, LT. GENERAL, GENERAL

DSP-Navy

SILVER: SEA II, SEA I, LEADING SEAMAN, PETTY OFFICER, CHIEF PETTY OFFICER, MASTER CHIEF PETTY OFFICER-II AND MASTER CHIEF PETTY OFFICER-I

GOLD: SUB LIEUTENANT, LIEUTENANT AND LIEUTENANT COMMANDER

DIAMOND: COMMANDER, CAPTAIN.

PLATINUM: COMMODORE, REAR ADMIRAL, VICE ADMIRAL AND ADMIRAL

*DSP Accounts of Sailors joining Navy before they attain majority, will be opened without the Overdraft facility and Personal Accident Insurance Cover / Air Accident Insurance Cover

DSP-Air Force

SILVER: PERSONNEL BELOW OFFICER RANK

GOLD: ASST. ENGINEER/ ASST. ADMINISTRATIVE OFFICER, ASST. EXECUTIVE ENGINEER/ ADMINISTRATIVE OFFICER/ MEDICAL OFFICER II, EXECUTIVE ENGINEER/SENIOR ADMINISTRATIVE OFFICER/ MEDICAL OFFICER I

DIAMOND: SUPERINTENDENT ENGINEER/ JOINT DIRECTOR (ADMINISTRATION), SUPERINTENDENT ENGINEER (SELECTION GRADE)/ DIRECTOR (ADMINISTRATION)

PLATINUM: CHIEF ENGINEER, ADDITIONAL DIRECTOR GENERAL, DIRECTOR GENERAL

DSP- GREF General Reserve Engineering Force & BRO Border Road Organisation

SILVER: PERSONNEL BELOW OFFICER RANK

GOLD: FLYING OFFICER, FLIGHT LIEUTENANT, SQUADRON LEADER

DIAMOND: WING COMMANDER, GROUP CAPTAIN

PLATINUM: AIR COMMODORE, AIR VICE MARSHAL, AIR MARSHAL, AIR CHIEF MARSHAL

DSP-Assam Rifles

SILVER: LANCE NAIK, NALBAND, HAVALDAR, WARRANT OFFICER, HAVALDAR MAJOR, NAIB SUBEDAR, SUBEDAR, SUBEDAR MAJOR

GOLD: DEPUTY COMMANDANT, ASSISTANT COMMANDANT (EQUIVALENT TO LT AND CAPT IN THE ARMY)

DIAMOND: COMMANDANT, SECOND-IN-COMMAND (EQUIVALENT TO MAJOR, LT COL AND COL IN THE ARMY)

PLATINUM: PERSONNEL AT THIS LEVEL ARE BEING DEPUTED FROM ARMY AND  DSP ARMY WOULD BE OFFERED TO THEM.

DSP-Rashtriya Rifles

PERSONNEL IN RASHTRIYA RIFLES ARE ON DEPUTATION FROM INDIAN ARMY AND HENCE COVERED UNDER DSP ARMY. ACCOUNTS ARE CLASSIFIED AS PER RANKS IN ARMY

Benefits to the Employees

Zero balance account and free unlimited transactions across ATMs of any Bank. Also comes bundled with SBI Credit Card.

Complimentary Personal Accident Insurance (Death) cover up to Rs. 20 Lakhs.

Complimentary Air Accident Insurance (Death) cover up to Rs. 30 Lakhs.

Avail of Personal Loans, Home Loans, Car Loans and Education Loans at attractive rates and 100% waiver on processing fees.

Upto 25% off on locker charges

Avail of Auto-Sweep to create e-MODs (Multi Option Deposits) and earn higher interest.

Avail of Demat & Online Trading A/c at the time of on-boarding itself.

Free issuance of Drafts, Multi City Cheques, SMS Alerts. Free online NEFT/RTGS.

Overdraft equivalent to 2 Months Net Salary (Currently available for select customers only)

Earn points on various transactions through our loyalty program SBI Rewardz.

Host of regular offers on Debit Cards and YONO by SBI

The facilities under DSP accounts will be continued even for pension accounts after retirement provided the Ex-Service personnel is drawing his pension through our Bank. The existing pensioners, who have retired prior to the introduction to DSP are eligible for facilities under Defence Salary Package.

 The following features are not available to pensioners:

Two months salary as Overdraft

X-press credit personal loan

Free Personal Accident Insurance (death) Cover with ad-on benefit

Air Accidental Insurance (death) cover

Benefits to the Employer

Hassle-free account opening process. On request, our officials will visit your premises to on-board your employees. Employees can also opt to open their accounts online or by visiting the nearest branch.

A convenient way to manage salaries across a large number of centres, through the Bank's award-winning Corporate Internet Banking.

Online facilities reduce paperwork and salary administration cost. Enjoy instant credit of salaries to your employees' accounts.

Zero charge for salary disbursement.

Equipping your employees with a power-packed Salary Account that is trusted by the largest organisations in India