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Salary Accounts under

Para Military Salary Package (PMSP)

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Para Military Salary Package (PMSP)

Personnel of the following Central Para Military Forces (CPMFs) can avail of Salary Accounts under Para Military Salary Package

  • 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)

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

  • Silver: Subedar Major, Inspector, Sub-Inspector, Assistant Sub Inspector, Head Constable, Constable, Enrolled follower
  • Gold: Deputy Commandant, Assistant Commandant
  • Diamond: Commandant, Second-in-Command
  • Platinum: Director General, Special Director General, Additional Director General, Inspector General, Deputy Inspector General
  • 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. Also comes bundled with SBI Credit Card.
    • Complimentary Personal Accident Insurance (Death) cover up to Rs. 20 Lakhs.
    • Complimentary Air Accident Insurance (Death) cover up to Rs. 30 Lakhs.
    • Avail of Personal Loans, Home Loans, Car Loans and Education Loans at attractive rates and 100% waiver on processing fees.
    • Upto 25% off on locker charges
    • Avail of Auto-Sweep to create e-MODs (Multi Option Deposits) and earn higher interest.
    • Avail of Demat & Online Trading A/c at the time of on-boarding itself.
    • Free issuance of Drafts, Multi City Cheques, SMS Alerts. Free online NEFT/RTGS.
    • Overdraft equivalent to 2 Months Net Salary (Currently available for select customers only)
    • Earn points on various transactions through our loyalty program SBI Rewardz.
    • Host of regular offers on Debit Cards and YONO by SBI
    • The facilities under PMSP accounts will be continued even for pension accounts after retirement provided the Ex-Service personnel is drawing his pension through our Bank. The existing pensioners, who have retired prior to the introduction to PMSP are eligible for facilities under Defence Salary Package. The following features are not available to pensioners:

    • Two months salary as Overdraft
    • X-press credit personal loan
    • Free Personal Accident Insurance (death) Cover with ad-on benefit
    • Air Accidental Insurance (death) cover