Press Esc to close
Sunday 01 May 2016
News updated at 8:45 AM IST
Weather
Max: 37°C
Min : 24.5°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
A model walls the ramp at a fashion event in Ludhiana on Saturday...

A model walls the ramp at a fashion event in Ludhiana on Saturday...

A view of the West of Chord road, Rajajinagar 1st block Fly-Over inaugurated by Chief Minister...

A view of the West of Chord road, Rajajinagar 1st block Fly-Over inaugurated by Chief Minister...

Vehicles passing through snow bound Zojila Pass, situated at a height of 11,516 feet, on its way...

Vehicles passing through snow bound Zojila Pass, situated at a height of 11,516 feet, on its way...

An Army jawan stands guard at Zojila Pass, situated at a height of 11,516 feet...

An Army jawan stands guard at Zojila Pass, situated at a height of 11,516 feet...

The first transgander Presiding Officer Ria Sarkar in front of a Polling Station during 5th phase...

The first transgander Presiding Officer Ria Sarkar in front of a Polling Station during 5th phase...

Jawaharlal Nehru University Students' Union (JNUSU) president Kanhaiya Kumar pays tribute...

Jawaharlal Nehru University Students' Union (JNUSU) president Kanhaiya Kumar pays tribute...

Aircraft of the British aerobatics team Global Stars perform during second day of the the three-day.

Aircraft of the British aerobatics team Global Stars perform during second day of the the three-day.

People are travelling in underground stretch of the Namma Metro between the Mysuru road station...

People are travelling in underground stretch of the Namma Metro between the Mysuru road station...

The high rider-ship was evident as large number of commuters were thronging the station...

The high rider-ship was evident as large number of commuters were thronging the station...

Cricketer Virat Kohli during inauguration of a store in Hyderabad on Friday...

Cricketer Virat Kohli during inauguration of a store in Hyderabad on Friday...