State Bank of India (SBI) announced that it has renewed its Memorandum of Understanding (MoU) with the Indian Army, to offer benefits to all serving as well as retired army personnel and their families through its Defence Salary Package (DSP) Scheme.
As per the release, SBI will offer an enhanced complimentary personal accidental insurance (Death) cover, air accidental insurance (Death) cover, permanent/partial disability covers. Bank offers attractive interest rates and concessional processing charges to defence personnel on home loan, car loan, and Xpress credit personal loan. Platinum debit card offered to all commissioned officers.
It also supports education of children and marriage of girl child of deceased army personnel, it added.
Accordingly, the services rendered by Defence Personnel and recognizing their contribution in nation building, SBI also offers, zero-balance savings bank accounts with many complimentary benefits and waiver of service charges, it said.
The MoU was signed in New Delhi in the presence of AG Lt. Gen. Harsha Gupta, C S Setty, MD (R&DB) SBI; DG (MP&PS) Lt. Gen R P Kalita; Saloni Narayan DMD (Retail Business) SBI; Devendra Kumar, CGM (Personal Banking) SBI and other senior officials from the Army and the bank.
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