SBI renews its MoU with the Indian Army... Many Additional Benefits to Army Personnel and their Families

by Suryaa |

The Public Banking Sector, State Bank of India (SBI) has good news for Army personnel. On Wednesday, it announced the renewal of the Memorandum of Understanding with the Indian Army to provide various benefits to retirees and their families, including those currently serving in the Army.

SBI updated its Memorandum of Understanding (MoU) with the Indian Army to provide benefits to all Army personnel through the Defence Salary Package Scheme.

According to a recent announcement, SBI is offering enhanced complimentary personal accident insurance (death) cover, air accidental insurance (death) cover and permanent / partially disabled covers. In addition, SBI Bank offers attractive interest rates and discounted processing fees to the Indian Army on home loans, car loans and express credit personal loans. Provides Platinum Debit Card to all Commissioned Officers.

The new scheme also supports the education of children of martyred military personnel and the marriage of girls. Accordingly, in recognition of the services provided by the security personnel, SBI also offers Zero-Balance Savings Bank Accounts with a number of complimentary benefits, excluding service charges.

As part of the bank's commitment to the Defence Force, SBI has extended the enhanced benefits of the MoU to all Army personnel covered under the Defence Salaries Package.

Latest News
Global Covid caseload tops 357.9 mn Wed, Jan 26, 2022, 11:42 AM
TN celebrates 73rd Republic Day with patriotic fervour Wed, Jan 26, 2022, 11:39 AM
Participants of Oslo talks call for understanding, cooperation on Afghanistan Wed, Jan 26, 2022, 11:36 AM
2nd ballot to elect Italy's Prez fails, but strong candidatures start emerging Wed, Jan 26, 2022, 11:29 AM
US House Speaker Pelosi announces reelection bid in 2022 midterms Wed, Jan 26, 2022, 11:29 AM
US warns of fragile semiconductor supply chain as chip inventory falls Wed, Jan 26, 2022, 11:28 AM
France reports new daily record of over 500,000 Covid-19 cases Wed, Jan 26, 2022, 11:27 AM
Ironic when nation recognizes Azad's services, Cong doesn't: Sibal Wed, Jan 26, 2022, 11:21 AM
TN to restore water bodies for recharging groundwater level Wed, Jan 26, 2022, 11:20 AM
Blackmailed on Instagram, man commits suicide in Karnataka Wed, Jan 26, 2022, 11:09 AM
Karnataka launches 'Brain Health Initiative' to help people beat Covid stress Wed, Jan 26, 2022, 11:07 AM
Rajpath brims over with patriotic fervour as India celebrates R-Day Wed, Jan 26, 2022, 11:06 AM
India's Tokyo Games heroes come together to recite National Anthem Wed, Jan 26, 2022, 11:05 AM
Afghanistan complete whitewash to grab crucial Cricket World Cup Super League points Wed, Jan 26, 2022, 11:02 AM
Kerala Minister unfurls Tricolour upside down in Kasargod Wed, Jan 26, 2022, 11:01 AM