Defence Salary Package

Salary Accounts under

Defence Salary Package (DSP)

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Defence Salary Package (DSP)

Defence personnel of the Indian Army, Indian Navy, Indian Air Force, Assam Rifles, Rashtriya Rifles (RR) and GREF [Border Road Organisation (BRO)] can avail Salary Accounts under Defence Salary Package (DSP). Retired Personnel can also open / convert their accounts in DSP – Pension.

Available in three variants, namely Gold, Diamond and Platinum based on rank of personnel of the Indian Army, Indian Navy, Indian Air Force, Assam Rifles, RR and GREF (Border Road Organisation). Personnel Below Officer Rank (PBOR) are categorised under Gold Variant; Officers are categorised under Diamond and Platinum variants.

DSP-Army

  • GOLD : JCOs & other Ranks
  • DIAMOND : Lieutenant, Captain, Major
  • PLATINUM: Lt. Colonel, Colonel, Brigadier, Major General, Lt. General, General

DSP-Navy

  • GOLD : Sea II, Sea I, Leading Seaman, Petty Officer, Chief Petty Officer, Master Chief Petty Officer-II and Master Chief Petty Officer-I
  • DIAMOND: Sub Lieutenant, Lieutenant and Lieutenant Commander
  • PLATINUM: Commander, Captain, Commodore, Rear Admiral, Vice Admiral and Admiral

*DSP Accounts of Sailors joining Navy before they attain majority, will be opened without Insurance and Overdraft facility

DSP-Air Force

  • GOLD : Personnel Below Officer Rank
  • DIAMOND: Flying Officer, Flight Lieutenant, Squadron Leader
  • PLATINUM : Wing Commander, Group Captain, Air Commodore, Air Vice Marshal, Air Marshal, Air Chief Marshal

DSP-General Reserve Engineering Force (GREF)/Border Road Organisation (BRO)

  • GOLD: Personnel Below Officer Rank
  • DIAMOND : Asst. Engineer/ Asst. Administrative Officer, Asst. Executive Engineer/ Administrative Officer/ Medical Officer II, Executive Engineer/Senior Administrative Officer/ Medical Officer
  • PLATINUM: Superintendent Engineer/ Joint Director (Administration), Superintendent Engineer (Selection Grade)/ Director (Administration), Chief Engineer, Additional Director General, Director General

DSP-Assam Rifles

  • GOLD : Bugler, Rifleman and Mule Driver, Lance Naik, Nalband, Havaldar, Warrant Officer, Havaldar Major, Naib Subedar, Subedar, Subedar Major
  • DIAMOND: Deputy Commandant, Assistant Commandant (equivalent to Lt and Capt in Indian Army)
  • PLATINUM: Commandant, Second-In-Command (equivalent to Major, Lt Col and Col in Indian Army) and Personnel at this level are being deputed from Indian 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 Indian Army.

DSP - Agniveer

  • Personnel recruited in Indian Army, Indian Airforce and Indian Navy with Distinctive Benefits under "Agnipath" Scheme of Government of India.

 

  • Benefits to Serving Personnel
    • Zero balance account and free unlimited number of transactions across all SBI ATMs in India.
    • Personal Accidental Insurance (Death)cover of Rs. 50 Lakhs to all ranks. (For Indian Army w.e.f. 14.01.25, Indian Air Force w.e.f. 04.02.25, Indian Navy w.e.f. 04.03.25, Assam Rifles w.ef. 04.03.25 and Special Frontier Force w.e.f. 04.04.25, ₹ 1 crore cover for all ranks)
    • Air Accidental Insurance (Death)cover of Rs. 1 Crore to all ranks (For Indian Army w.e.f. 14.01.25 Indian Air Force w.e.f. 04.02.25, Indian Navy w.e.f. 04.03.25, Assam Rifles w.ef. 04.03.25 and Special Frontier Force w.e.f. 04.04.25, ₹ 1.50 crore cover for all ranks)
    • Personal Accidental (Permanent Total Disablement) cover up to Rs. 50 Lakhs to all ranks (For Indian Army w.e.f. 14.01.25 Indian Air Force w.e.f. 04.02.25, Indian Navy w.e.f. 04.03.25, Assam Rifles w.ef. 04.03.25 and Special Frontier Force w.e.f. 04.04.25, up to ₹ 1 crore cover for all ranks)
    • Personal Accidental (Permanent Partial Disablement) cover up to Rs. 50 Lakhs to all ranks. (For Indian Army w.e.f. 14.01.25 Indian Air Force w.e.f. 04.02.25, Indian Navy w.e.f. 04.03.25, Assam Rifles w.ef. 04.03.25 and Special Frontier Force w.e.f. 04.04.25, up to ₹ 1 crore cover for all ranks)
    • 100% waiver of processing fee on SBI Personal Loan (Erstwhile Xpress Credit), and Home Loan (Actual TIR and Valuation charges, etc will be recovered, where applicable).
    • Up to 25% off on annual locker rental.
    • Auto-Sweep facility (optional) to create e-MODs (Multi Option Deposits)and earn higher interest.
    • Demat & Online Trading A/c facility available.
    • Free issuance of Drafts, Multi City Cheques, SMS Alerts, NEFT/RTGS.
    • Additional Rs. 10 Lakh for death in action against terrorist/ Naxalites/ foreign enemy.
    • SBI Rishtey (Family Savings Account): For family members of Salary Package Customer with differential benefits.
    • SBI Personal Loan (Erstwhile Xpress Credit loan) cover up to 10 Lakh for SBI Loan Account for death in action against Terrorist / Naxalites / Foreign enemy.

    Note 1: Benefits under salary package are subject to classification of Savings Bank Account to respective Salary Package and Variant in banks system. All Customers Drawing Salary through SBI Accounts are required to apply along with proof of Salary and Proof of employment to their home branch for conversion of savings account to respective Salary Package/Variant ((Conversion Forms). Account holders are required to verify classification of their accounts under respective package/variant from the name of package / variant printed on first page of their bank passbook / statement.

     

    Note 2: In case, monthly salary is not credited into the account for more than 3 consecutive months, the account will be converted to normal savings account and all the features offered under Salary Package will stand withdrawn. All the Charges shall be levied as applicable to normal Savings Bank Account.

    Note 3: The Salary Package is being offered to the employees by the Bank as a comprehensive solution for the purpose of providing various banking services and associated features are not intended for mobilization of deposits from them.

  • Benefits to Pensioner Veterans
    • Zero balance account and free unlimited number of transactions across all SBI ATMs in India.
    • Personal Accidental Insurance (Death) cover of Rs. 30 Lakhs to all ranks (For Indian Army w.e.f. 14.01.25, Indian Air Force w.e.f. 04.02.25, Indian Navy w.e.f. 04.03.25, Assam Rifles w.e.f. 04.03.25 and Special Frontier Force w.e.f. 04.04.25, ₹ 50 lakh cover for all ranks)
    • 100% waiver of processing fee on Pension Loans.
    • Up to 25% off on annual locker rent.
    • Auto-Sweep facility (optional) to create e-MODs (Multi Option Deposits) and earn higher interest.
    • Demat & Online Trading A/c facility available.
    • Free issuance of Drafts, Multi City Cheques, SMS Alerts. NEFT/RTGS.

    Note 1: Benefits under Pension Account are subject to classification of Savings Bank Account to respective Pension Account and Variant in banks system. All Customers Drawing Pension through SBI Accounts are required to apply along with proof of Pension and PPO to their home branch for conversion of savings account to respective Pension Account/Variant (Conversion Forms). Account holders are required to verify classification of their accounts under respective package/variant from the name of package / variant printed on first page of their bank passbook / statement.

     

    Note 2: In case, monthly pension is not credited into the account for more than 3 consecutive months, the account will be converted to normal savings account and all the features offered under Pension Package will stand withdrawn. All the Charges shall be levied as applicable to normal Savings Bank Account.

    Note 3: The Salary Package is being offered to the employees by the Bank as a comprehensive solution for the purpose of providing various banking services and associated features are not intended for mobilization of deposits from them.

  • List of Defence Banking Advisors /Circle Defence Banking Advisors

    List of Defence Banking Advisors /Circle Defence Banking Advisors

    Defence Banking Advisors
    Stationed at Area of operation Name Contact No. E-Mail Address
    New Delhi DBA (Army) – PAN India Lt Gen Rajinder Dewan, PVSM, AVSM, VSM (Retd) 9599436116 dba.army@sbi.co.in
    New Delhi DBA (Navy) – PAN India Rear Admiral Rajesh Singh (Retd) 9811772258 dba.navy@sbi.co.in
    New Delhi DBA (Air Force) - PAN India AVM Ashok Saini, VSM (Retd) 9958063533 dba.airforce@sbi.co.in
    New Delhi Advisor (Central Armed Police Force) - PAN India Shri Arun Kumar, IPS (Retd) 9821130622 advisor.capf@sbi.co.in
    Circle Defence Banking Advisors
    Stationed at Area of operation Name Contact No. E-Mail Address
    Kolkata West Bengal, Bihar, Jharkhand, Odisha, Sikkim, Andaman & Nicobar Islands Maj Gen Ananta Bhuyan, SM (Retd) 9674621402 cdbaarmy.lhokol@sbi.co.in
    Lucknow Uttar Pradesh, Madhya Pradesh, Chhattisgarh Maj Gen Rajiv Srivastava (Retd) 8511862617 cdbaarmy.lholuc@sbi.co.in
    Pune Maharashtra, Gujarat, Goa Maj Gen Arup Kumar Sasmal, AVSM (Retd) 7382926601 cdbaarmy.lhomum@sbi.co.in
    Chandigarh Punjab, Haryana, Himachal Pradesh, Jammu & Kashmir, Ladakh, Chandigarh Maj Gen Arvind Kapoor (Retd) 9833438874 cdba.lhocha@sbi.co.in
    Guwahati North Eastern States Maj Gen Rajiv Nanda, SM (Retd) 9650444959 cdba.lhoguw@sbi.co.in
    Bangalore Karnataka, Kerala, Telangana, Andhra Pradesh, Tamil Nadu Maj Gen Ramchandra Nagraj, AVSM, VSM (Retd) 7764905820 cdba.lhoban@sbi.co.in
    Hyderabad Telengana, Andhra Pradesh, Tamil Nadu Maj Gen Rajinder Pal Singh, VSM (Retd) 9599208277 cbdaarmy.lhohyd@sbi.co.in
    Circle Advisor - Central Armed Police Force
    Stationed at Area of operation Name Contact No. E-Mail Address
    Bhopal Madhya Pradesh, Chattisgarh, Gujarat Shri Narinder Singh Jamwal, Retd. ADG BSF 9419795253 narinder.jamwal@sbi.co.in