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
    • Zero balance account and free unlimited transactions across ATMs of any Bank. 
    • Complimentary Personal Accident Insurance (Death) cover of Rs. 50 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. 50 Lakhs to all ranks.
    • Complimentary Personal Accident (Permanent Partial Disablement) cover upto Rs. 10 Lakhs to all ranks.
    • 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.
    • Additional Rs. 10 Lakhs for death against terrorist/ Naxalites/ foreign enemy.
    • SBI Rishtey (Family Savings Account): For family member of Salary Package Customer with differential benefits such as No minimum balance requirement, No issuance charges for ATM cum Debit Card, Free SMS alert, Free Demand Draft issuance by Debit to SBI Rishtey Account and Auto Sweep facility available.
    • Xpress Credit loan cover upto 5 Lakh for SBI Loan Account for death in action against Anti National Activities / Terrorist / Naxalites / Foreign enemy.

    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.

    Note 2: In case, monthly salary is not credited into the account for more than 3 consecutive months, the special features offered under Salary Package will stand withdrawn and the account shall be treated as Normal Savings Account under our standard charges structure, and all charges shall be levied and applied as applicable to normal savings accounts.

  • Benefits to Pensioner Veterans
    • 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.
    • Home Loans, Car Loans and Education Loans available at attractive rates.
    • 100% waiver of processing fee on 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.
    • Demat & Online Trading A/c facility available.
    • Free issuance of Drafts, Multi City Cheques, SMS Alerts. NEFT/RTGS.
    • Earn points on various transactions through our loyalty program SBI Rewardz.
    • Host of regular offers on Debit Cards and YONO by SBI