Press Esc to close
Friday 28 November 2014
News updated at 3:48 AM IST
Weather
Max: 0°C
Min : 0°C
In Bengaluru
Sunny day

SBI defence salary package for Army

Last updated: 30 May, 2009
Press Trust of India,New Delhi:

State Bank of India on Friday launched a special product called Defence Salary Package (DSP) for Army personnel and aims to open about 12 lakh accounts under the scheme.


“We expects to open about 12 lakh plus accounts under DSP,” SBI Chairman O P Bhatt said at the launch of the new service here. The bank is ready with stationery and application form for opening such huge number of accounts, he said.
“The product offers a bundle of free services to the officers and jawans,” Bhatt said.
The package includes free drafts, free cheque book, free fund transfers to any of the SBI Group’s about 15,000 branches and free ATM cards, he said.
Bhatt said the bank would also offer home, auto and personal loans to Army personnel at 25 basis points lower than the floor rate.
At the same time, bank is contemplating to launch special two-wheeler loan scheme for jawans, he added.
SBI plans to add 13,000 ATMs during the year and intends to locate a large number of ATMs to serve Army formations just as many of its branches are already located in difficult and arduous terrain, he said. SBI is also working with the Army to transfer salary electronically in the accounts, Bhatt said.
The bank also plans to open special grievance cell for the Army personal as well as defence banking advisers, he said.
Besides, the bank is also planning to roll out tailor made products for them, he said, adding that the debit card for the Army personnel will come with host of features.


Go to Top

Photo Gallery
Prime Minister Narendra Modi on his departure after attending SAARC summit...

Prime Minister Narendra Modi on his departure after attending SAARC summit...

A boy salvages for belongings amid the debris of his house in Mumbai...

A boy salvages for belongings amid the debris of his house in Mumbai...

Shyam Benegal with Naseeruddin Shah during the launch of the latter's book...

Shyam Benegal with Naseeruddin Shah during the launch of the latter's book...

Actor turned politician Kushboo with Congress vice president Rahul Gandhi...

Actor turned politician Kushboo with Congress vice president Rahul Gandhi...

An Indian army soldier keeps vigil near Pindi Khattar village...

An Indian army soldier keeps vigil near Pindi Khattar village...

Men play soccer at a field in Peshawar...

Men play soccer at a field in Peshawar...

NorthEast United FC players celebrate their third goal against Chennaiyin FC...

NorthEast United FC players celebrate their third goal against Chennaiyin FC...

An injured soldier is taken to hosp during a gunbattle with militants at Pindi Khattar village...

An injured soldier is taken to hosp during a gunbattle with militants at Pindi Khattar village...

Netanyahu attends the annual memorial ceremony for Israel's first prime minister, David Ben-Gurion..

Netanyahu attends the annual memorial ceremony for Israel's first prime minister, David Ben-Gurion..

Sharif holds hands with  Modi and  Ashraf Ghani during the closing session of the SAARC summit...

Sharif holds hands with Modi and Ashraf Ghani during the closing session of the SAARC summit...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523