Wednesday, August 28, 2024

KNOW ABOUT DEFENCE SALARY ACCOUNTS (DSP)


Our Ministry of denfence MOD)  and IRDA  and Ministry of Banking  have entered into

  a MOU for this DSP accounts  for the benefit of Serving as well as retired defence personnel.

Those who are having  DSP account will be benefited by this scheme \the benefits are:

1. You need not maintain minimum balance in the  account . No service  charge will be deducted,

2. If DSP account holder dies in an Accident,  his spouse/ Nominee will get a insurance coverage of  

   Rupees 30 Lacs.   For  serving person it is ONE Crore.

3.There is no commission for DD/MT   or  NEFT. RTGS-  money transfer .

4.there is no processing charge for CAR/ Housing Loans.



5.There is 10% rebate on Margin money for Car loans,

6.there si 25% rebate on Locker rent.

7. Over drawing in the account up to 2 months pension/ salary allowed.

Note; This accout in SBI is called DSP account, and the same is called in other Banks with

different names   In Canara Bank it is called as JEWEVAN DHARA  .The benefits will be the same.

All veteran brothers to note the same and advised  to convert their existing normal account to

DSP a/c immediately ro avail the benefits.


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