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SBI DSP Account Benefits for Defence Employees

SBI DSP Account Benefits for Defence Employees Serving in Indian Army, Indian Air Force, and Indian Navy. These benefits are available up to the Memorandum of Understanding (MoU) between the Ministery of Defence and the State Bank of India (SBI). These benefits are available only for Serving Defence personnel.

SBI DSP Account Benefits for Defence Employees

Ser No  Benefits Name
Quantity of Benefits
01Personal Accidental Cover
Rupees 30 Lacs
02Total DisabilityRupees 30 Lacs
03Partial DisabilityRupees 10 Lacs
04Cover on Anti Terrorist/ Naxal OperationYes
05Add on coverPlastic Surgery - 2 Lac
Imported Medicine - 1 Lakh
Death after Coma - 2 Lac
Air Ambulance - 5 Lac
Transportation of Mortal remains - 10000
Ambulance - 1500
06Additional Insurance on Debit Card/ Credit Card2-5 Lac (For Lt and above)
07Additional Accidental Isurance CoverRupees 1 Crore (Tickets purchased through SBI Salary Account)
08Purchase ProtectionRupees 50000
09Personal Accidental Insurance Death AssistanceHigher Education - 10% of Personal Accidental Insurance (Maximum 2 Lac)
Girl Child Marriage (18-25 Age)- 10% of Personal Accidental Insurance (Maximum 2 Lac)
10Waiver in processing fee on LoanWaived
11Concessional Rates on LoanHome Loan- 5% in Margin Money,
Car Loan- 5% in Margin Money.
12Over Draft facility2 Months net Salary (Rupees 40000 to 2 Lac).
13Education LoanAvailable.
14Demand DraftYes, without any charge.
15Locker FacilityConcession 15% to 25% (Lt Col and above).
16Use of other Bank ATMYes.
17Facilities for Nepali Gorkha SoldiersFree Drafts,
Home Loan Facilities from NSBL,
Free remittance and EFT (Electronic Fund Transfer) for accounts with NSBL.
18Demat Account/ Online trading accountAvailable.
19ChequesInstant Credit of outstation Cheques Upto Rupees 20000,
Unlimited Multicity cheques.
20ATM/ Debit Card facility2 Debit Card without any annual fee
21Free Advisory ServiceYes (Where SBI has such facility)
22SMS facilityYes

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