Para Military Salary Package

Salary Accounts under

Central Armed Police Salary Package (CAPSP)

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Central Armed Police Salary Package(CAPSP)

Personnel of the following Central Armed Police Forces (CAPFs) can avail of Salary Accounts under Central Armed Police Salary Package.  Retired Personnels can also open / convert their accounts in CAPSP – Pension and will be eligible for all benefits mentioned below except Insurance, Overdraft and Xpress Credit.

  • Central Reserve Police Force (CRPF)
  • Border Security Force (BSF)
  • Central Industrial Security Force (CISF)
  • Sashastra Seema Bal (SSB)
  • Indo Tibetan Border Police (ITBP)
  • National Security Guard (NSG)
  • Railway Protection Force (RPF)
  • Railway Protection Special Force(RPSF)

Available in three variants, namely Gold, Diamond and Platinum categorised on the rank of the personnel

  • GOLD : SUBEDAR MAJOR, INSPECTOR, SUB-INSPECTOR, ASSISTANT SUB INSPECTOR, HEAD CONSTABLE, CONSTABLE, ENROLLED FOLLOWER
  • DIAMOND: DEPUTY COMMANDANT, ASSISTANT COMMANDANT
  • PLATINUM: COMMANDANT, SECOND-IN-COMMAND, DIRECTOR GENERAL, SPECIAL DIRECTOR GENERAL, ADDITIONAL DIRECTOR GENERAL, INSPECTOR GENERAL, DEPUTY INSPECTOR GENERAL
  • For RPF, variants will be categorised as per equivalent rank in Central Armed Police Forces.
  • Benefits to Serving Personel

    Note 1: Benefits under salary package are subject to classification of Savings Bank Account to respective Salary Package and Variant in banks system. All Customers Drawing Salary through SBI Accounts are required to apply along with proof of Salary and Proof of employment to their home branch for conversion of savings account to respective Salary Package/Variant ((Conversion Forms). Account holders are required to verify classification of their accounts under respective package/variant from the name of package / variant printed on first page of their bank passbook / statement.

     

    Note 2: In case, monthly salary is not credited into the account for more than 3 consecutive months, the account will be converted to normal savings account and all the features offered under Salary Package will stand withdrawn. All the Charges shall be levied as applicable to normal Savings Bank Account.

    Note 3: The Salary Package is being offered to the employees by the Bank as a comprehensive solution for the purpose of providing various banking services and associated features are not intended for mobilization of deposits from them.

  • Benefits to Pensioner Veterans
    • Zero balance account and free unlimited number of transactions across all SBI ATMs in India.
    • Personal Accidental Insurance (Death) cover of Rs. 50 Lakhs to all ranks. (For Details and Date of coverage Table Enclosed)
    • 100% waiver of processing fee on Pension Loans.
    • Up to 25% off on annual locker rent.
    • Auto-Sweep facility (optional) to create e-MODs (Multi Option Deposits) and earn higher interest.
    • Demat & Online Trading A/c facility available.
    • Free issuance of Drafts, Multi City Cheques, SMS Alerts. NEFT/RTGS.

    Note 1: Benefits under Pension Account are subject to classification of Savings Bank Account to respective Pension Account and Variant in banks system. All Customers Drawing Pension through SBI Accounts are required to apply along with proof of Pension and PPO to their home branch for conversion of savings account to respective Pension Account/Variant (Conversion Forms). Account holders are required to verify classification of their accounts under respective package/variant from the name of package / variant printed on first page of their bank passbook / statement.

     

    Note 2: In case, monthly pension is not credited into the account for more than 3 consecutive months, the account will be converted to normal savings account and all the features offered under Pension Package will stand withdrawn. All the Charges shall be levied as applicable to normal Savings Bank Account.

    Note 3: The Salary Package is being offered to the employees by the Bank as a comprehensive solution for the purpose of providing various banking services and associated features are not intended for mobilization of deposits from them.