Defence personnel of the Indian Army, Indian Navy, Indian Air Force, Assam Rifles, Rashtriya Rifles (RR) and GREF [Border Road Organisation (BRO)] can avail of Salary Accounts under the 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 the Gold Variant; Officers are categorised under the 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-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 the Indian Army and DSP Army would be offered to them
DSP-Rashtriya Rifles
- Personnel in Rashtriya Rifles are on deputation from the Indian Army and hence covered under DSP Army. Accounts are classified as per Rank in the Indian Army.
DSP - Agniveer
- Personnel recruited in the Indian Army, Indian Airforce and Indian Navy with Distinctive Benefits under the "Agnipath" Scheme of the Government of India.
Benefits to Serving Personnel
- Zero balance account and free unlimited number of transactions across ATMs of any Bank in India.
- Complimentary Personal Accidental Insurance (Death)cover of Rs. 50 Lakhs to all ranks.
- Complimentary Air Accidental Insurance (Death)cover of Rs. 1 Crore to all ranks
- Complimentary Personal Accidental (Permanent Total Disablement) covers up to Rs. 50 Lakhs to all ranks
- Complimentary Personal Accidental (Permanent Partial Disablement) covers up to Rs. 50 Lakhs to all ranks.
- Xpress Credit, Home loans, Car Loans and Education loans are available at competitive rates.
- 100% waiver of processing fee on Xpress Credit, Car Loan 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.
- Overdraft equivalent to 2 Months Net Salary (subject to a maximum cap based on a variant of account).
- 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.
- Xpress Credit loan covers up to 10 Lakh for SBI Loan Account for death in action against Terrorist / Naxalites / Foreign enemy.
- SBI Rishtey (Family Savings Account): For family members of Salary Package Customer with differential benefits
Note 2: In case, the monthly salary is not credited into the account for more than 3 consecutive months, the special features offered under Salary Package will stand withdrawn and the account shall be treated as a Normal Savings Account under our standard charges structure, and all charges shall be levied and applied as applicable to normal savings accounts.
Benefits to Pensioner Veterans
- Zero balance account and free unlimited number of transactions across ATMs of any Bank in India.
- Complimentary Personal Accidental Insurance (Death) cover of Rs. 30 Lakhs to all ranks
- 100% waiver of processing fee on Car 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, and SMS Alerts. NEFT/RTGS.
List of Defence Banking Advisors /Circle Defence Banking Advisors
| Defence Banking Advisors |
|---|
| Sr | Location | Area of Operation | Name | Contact No. | E-Mail Address |
|---|---|---|---|---|---|
| 1 | New Delhi | DBA (Army) – PAN India | Lt Gen Vinod Vashisht, AVSM, VSM & Bar (Retd) | 8800747539 | dba.army@sbi.co.in |
| 2 | New Delhi | DBA (Navy) – PAN India | Rear Admiral Rajesh Singh (Retd) | 9811772258 | dba.navy@sbi.co.in |
| 3 | New Delhi | DBA (Air Force) - PAN India | Air Vice Marshal Atul Kumar Singh, AVSM, VSM (Retd) | 7827259056 | dba.airforce@sbi.co.in |
| 4 | New Delhi | Advisor (Central Armed Police Force) - PAN India | Shri Arun Kumar, IPS (Retd) | 9821130622 | advisor.capf@sbi.co.in |
| Circle Defence Banking Advisors |
|---|
| Sr | Location | Area of Operation | Name | Contact No. | E-Mail Address |
|---|---|---|---|---|---|
| 1 | Kolkata | West Bengal, Bihar, Jharkhand, Odisha, Sikkim, Andaman & Nicobar Islands | Maj Gen Ananta Bhuyan, SM (Retd) | 9674621402 | cdbaarmy.lhokol@sbi.co.in |
| 2 | Lucknow | Uttar Pradesh, Madhya Pradesh, Chhattisgarh | Maj Gen Rajiv Srivastava (Retd) | 8511862617 | cdbaarmy.lholuc@sbi.co.in |
| 3 | Pune | Maharashtra, Gujarat, Goa | Maj Gen Arup Kumar Sasmal, AVSM (Retd) | 7382926601 | cdbaarmy.lhomum@sbi.co.in |
| 4 | Chandigarh | Punjab, Haryana, Himachal Pradesh, Jammu & Kashmir, Ladakh, Chandigarh | Maj Gen Rajiv Mishra, VSM (Retd | 9765330261 | cdba.lhocha@sbi.co.in |
| 5 | Guwahati | North Eastern States | Maj Gen Dinesh Sharma, AVSM, VSM (Retd) | 9630369311 | cdba.lhoguw@sbi.co.in |
| 6 | Bangalore | Karnataka, Kerala, Telangana, Andhra Pradesh, Tamil Nadu | Maj Gen Ramchandra Nagraj, AVSM, VSM (Retd) | 7764905820 | cdba.lhoban@sbi.co.in |
| 7 | Hyderabad | Telangana, Andhra Pradesh, Tamil Nadu | Maj Gen Rajesh Chopra, AVSM (Retd) | 9100301137 | cbdaarmy.lhohyd@sbi.co.i |
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