Press Esc to close
Tuesday 30 September 2014
News updated at 11:07 AM IST
Weather
Max: 31°C
Min : 21°C
In Bangalore
Sunny day
Breaking News

SBI defence salary package for Army

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
A community Durga Puja pandal in Kolkata...

A community Durga Puja pandal in Kolkata...

Cricket legend and owner of Kerala Blasters football team Sachin Tendulkar during the...

Cricket legend and owner of Kerala Blasters football team Sachin Tendulkar during the...

Police Commissioner Shivanand Jha sweeps the office premises as he participates in the...

Police Commissioner Shivanand Jha sweeps the office premises as he participates in the...

Visitors at an exhibition inside a Tram in Kolkata...

Visitors at an exhibition inside a Tram in Kolkata...

Microsoft CEO Satya Nadella interacts with the employees during a visit to the company's ...

Microsoft CEO Satya Nadella interacts with the employees during a visit to the company's ...

Female Passengers board a train after train services were partially resumed following...

Female Passengers board a train after train services were partially resumed following...

Fire tenders douse a major fire that broke out in a car service station at Sector 14...

Fire tenders douse a major fire that broke out in a car service station at Sector 14...

A road roller crushes a large number liquor bottles seized by the police from the...

A road roller crushes a large number liquor bottles seized by the police from the...

Audience members react as they attend an event with India's Prime Minister Narendra Modi ...

Audience members react as they attend an event with India's Prime Minister Narendra Modi ...

A painter reacts as he creates a portrait of India's Prime Minister Narendra Modi before...

A painter reacts as he creates a portrait of India's Prime Minister Narendra Modi before...

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