SBI DSP Account Facility

Can you tell me about the facilities offered under Salary Accounts under Defence Salary Package by SBI (State Bank of India)?

[shikha]

Salary Accounts under Defence Salary Package by SBI (State Bank of India) offers many allowance in service charges for serving and retired Defence personnel of Army/ Navy/ Air Force/Indian Coast Guard/ Assam Rifles, and Rashtriya Rifles (RR) and GREF [Border Road Organization (BRO)] having their Salary/Pension accounts with SBI.

Features of DSP
• Convenience of anywhere Banking at
o The largest network of more than 16,000 Core Banking Branches
o Extensive alternative channels.
o 53,000 plus ATMs of State Bank Group
o Free Internet Banking, Mobile Banking

It is available in 4 variants, namely Silver, Gold, Diamond and Platinum categorized on the rank of the personnel of Army, Navy, Air Force, Assam Rifles, RR and GREF (Border Road Organization). PBORs are categorized in Silver Variant; Officers are categorized under Gold, Diamond and Platinum Variants.

Complete range of Banking Services including:-
o Unique Lifetime Account Number
o Zero Balance Account facility with no penal charges for non-maintenance of minimum balance
o Auto sweep (in & out) facility (on request)-Surplus amount in Savings bank account beyond threshold balance is transferred automatically into Term Deposits (multi option deposits) in multiple of Rs.1000/- and vice versa
o Facility for Auto Sweep Switch On/Off through Internet Banking
o Free Personal Accident Insurance cover for Primary Defence Salary Package Account Holders.
o Free personalized Multi City Cheques
o Free Drafts/RTGS/NEFT
o Free Core Power: Anywhere banking facility with the widest network of more than 16,000 branches. Free updating of pass-books at any branch
o Easy overdraft up to 2 months' salary repayable within 6 months*
o SMS Alerts
o Exclusively designed Debit Cards for personnel of each of the Forces.
o Free Debit Cards including one additional free Debit Card for single accounts of PBORs
o Domestic cards for Silver Accounts, Gold Debit cards for Gold and Diamond Accounts and Platinum Debit Card for Platinum Accounts.
o Maximum daily withdrawal of Rs. 40,000 on Domestic Cards, Rs. 50,000 on Gold Cards and Rs. 1,00,000 on Platinum Cards.
o Various Personal loans like Home loan/ Auto loan/ Xpress Credit loan, etc. at attractive terms
o Demat facility, 3-in 1 Trading Account available
o Systematic Investment Plan in Mutual funds
o Range of other value added benefits