SBI DSP Account Benefits for Defence Employees

SBI DSP Account Benefits for Defence Employees Serving in Indian Army, Indian Air Force, and Indian Navy. These benefits are available up to the Memorandum of Understanding (MoU) between the Ministery of Defence and the State Bank of India (SBI). These benefits are available only for Serving Defence personnel.


SBI DSP Account Benefits for Defence Employees

Ser No  Benefits Name
Quantity of Benefits
01 Personal Accidental Cover
(Death)
Rupees 30 Lacs
02 Total Disability Rupees 30 Lacs
03 Partial Disability Rupees 10 Lacs
04 Cover on Anti Terrorist/ Naxal Operation Yes
05 Add on cover Plastic Surgery – 2 Lac
Imported Medicine – 1 Lakh
Death after Coma – 2 Lac
Air Ambulance – 5 Lac
Transportation of Mortal remains – 10000
Ambulance – 1500
06 Additional Insurance on Debit Card/ Credit Card 2-5 Lac (For Lt and above)
07 Additional Accidental Isurance Cover Rupees 1 Crore (Tickets purchased through SBI Salary Account)
08 Purchase Protection Rupees 50000
09 Personal Accidental Insurance Death Assistance Higher Education – 10% of Personal Accidental Insurance (Maximum 2 Lac)
Girl Child Marriage (18-25 Age)- 10% of Personal Accidental Insurance (Maximum 2 Lac)
10 Waiver in processing fee on Loan Waived
11 Concessional Rates on Loan Home Loan- 5% in Margin Money,
Car Loan- 5% in Margin Money.
12 Over Draft facility 2 Months net Salary (Rupees 40000 to 2 Lac).
13 Education Loan Available.
14 Demand Draft Yes, without any charge.
15 Locker Facility Concession 15% to 25% (Lt Col and above).
16 Use of other Bank ATM Yes.
17 Facilities for Nepali Gorkha Soldiers Free Drafts,
Home Loan Facilities from NSBL,
Free remittance and EFT (Electronic Fund Transfer) for accounts with NSBL.
18 Demat Account/ Online trading account Available.
19 Cheques Instant Credit of outstation Cheques Upto Rupees 20000,
Unlimited Multicity cheques.
20 ATM/ Debit Card facility 2 Debit Card without any annual fee
21 Free Advisory Service Yes (Where SBI has such facility)
22 SMS facility Yes

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