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)

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 the Employer
    • Hassle-free account opening process. On request, our officials will visit your premises to on-board your employees. Employees can also opt to open their accounts online or by visiting the nearest branch.
    • A convenient way to manage salaries across a large number of centres, through the Bank's award-winning Corporate Internet Banking.
    • Online facilities reduce paperwork and salary administration cost. Enjoy instant credit of salaries to your employees' accounts.
    • Zero charge for salary disbursement.
    • Equipping your employees with a power-packed Salary Account that is trusted by the largest organisations in India.
  • Benefits to the Employee
    • Zero balance account and free unlimited transactions across ATMs of any Bank. 
    • Complimentary Personal Accident Insurance (Death) cover of Rs. 30 Lakhs to all ranks.
    • Complimentary Air Accident Insurance (Death) cover of Rs. 1 Crores to all ranks.(Terms & Conditions Apply).
    • Complimentary Personal Accident (Permanent Total Disablement) cover of Rs. 30 Lakhs to all ranks.
    • Complimentary Personal Accident (Permanent Partial Disablement) cover of Rs. 10 Lakhs to all ranks.
    • Avail of Personal Loans, Home Loans, Car Loans and Education Loans at attractive rates and 100% waiver on processing fees.
    • Xpress Credit Personal Loans, Home Loans, Car Loans and Education Loans available at attractive rates.
    • 100% waiver of processing fee on Xpress Credit Personal Loans, Car Loans and Home Loans (Actual TIR and Valuation charges will be recovered, where applicable).
    • Up to 25% off on annual locker rent.
    • Avail of Auto-Sweep to create e-MODs (Multi Option Deposits) and earn higher interest.
    • Free issuance of Drafts, Multi City Cheques, SMS Alerts. NEFT/RTGS.
    • Overdraft equivalent to 2 Months Net Salary (subject to maximum cap based on variant of account)
    • Earn points on various transactions through our loyalty program SBI Rewardz.
    • Host of regular offers on Debit Cards and YONO by SBI