VERY GOOD NEWS FROM SBI -DSP ACCOUNT FOR OUR SERVING MILITARY PERSONS

 

Dear All,

A good news from State Bank of India regarding  Defence Salary Package  Account.

Our MOD and SBI authorities have signed  a MOU  on 16-01-2025  for

  grant of TLI  ( Term Life Insurance ) cover of Rs.10 lacs.to serving Military personnel  ( other than Agniveer and Pensioners )

We all know that, the Serving Military persons having DSPaccounts in Banks are covered   With  PAI  personnel Accident Insurance on aacident death  and other perks.  Pensioners are also covered.

If  a military serving person dies in an Accident, he is eligible for Insurance covr of 1 Crore.

Now , as per the new MOU, a provision is available  for 10 Lacs  insurance cover  for any type of death while in Service. 

 A step by step procedure  has been given in SBI website  -www.sbilife.co.in

to down load Individual certificate of insurance (PDF file att) for serving person .

All our serving and veterans to note the samre  NEWS  and pass on to others also  to get the benefits.

Authority:   BANKING ADVISORY NO. 14/2025  AND

                  B/27087/SBI/AG/PS-3(P) DATED 11-12-2025.

INDIAN ARMEDFORCES FLAG DAY 7TH DEC 2025

 iN THIS DAY, WE  THE ARMED FORCES CELEBERATE OUR  FLAGDAY EVERY YEAR THIS 7TH DECEMBER .

Dear All,  

Today is  ARMED FORCES FLAG  DAY; , celebrated in our country.

Every YEAR, ,. 7th December  is observed as ARMED FORCES  FLAG DAY in India, to honour the Martyrs, veterans and Serving personnel of our Defence Forces.

This day - FLAG DAY is observed every year  since 1949  to remember the services of Armed Forces. 

Funds collected  on this occasion  will be utilised for the welfare of  our Military veterans and families.

ENHANCEMENT OF DEARNESS RELIEF TO EX-GRATIA PENSIONERS.

 

DEAR VETERANS, 

The Dearness relief  for Ex-Gratia pensioners  is enhanced by 11%   w.e.f  01-01-2025..

The orded is released very late  i.e  on 27-10-2025 .

For  pensioners it is  from  455TO 466    and for Families  from  447 TO 458 

                                                 ILLUSTRATION

FOR PENSIONERS                                          FOR FAMILY PENSIONERS.

BASIC  ;            750.00                                                        645.00:

DP..................    375.00                                                         323.00

Total  BP..........1125.00                                                       968.00

DR 466 %......  5243.00                                   458 %         4434.00

Total pen...../   6368.00                                                       5402.00

The affected Ex-Gratia pensioners  may approach  their banks for getting the  enhanced rate of  dearnessRelief  w.e.f  01-01-2025.

AUTHORITY  :  GOI- DOPPW  No:  42/02/2024-P &PW (D)E 9475    dated  27-10-2025

AN EXPECTED CHANGE IN POLICY ON AGNIVEER SCHEME

 

                                               

                                          AGNIVEER SOLDIERS UNDER  TRAINING  

  A CHANGE IN AGNIVEER POLICY

Agniveer Scheme was Launched in 2022 where by only 25% of them will be retained on completion of 4 years term.and rest will be discharged.  They have to seek civil jobs.

 In a move that could significantly reshape the Indian Army manpower policy, a major proposal is on the table  to increase the Agniveer  RETENTION rate  from 25% to 75%.

This proposal will be discussed  in detail  at the Army Commanders  conference.

According  to defence forces,   the first Batch of Agniveer is set to completer its  FOUR YEAR TENURE  next year -2026. 

The final view of the Commanders conference will be known soon, as how  many   First batch Agniveers will be retained permanently . 

LETUS ALL HOPE FOR A BETTER  DECISION BY THE CONFERENCE.

8TH CENTRAL PAY COMMISSION

 

GOOD NEWS -8^TH CENTRAL PAY COMMISSION9 

Dear All,

 It is a happy news that our Government has appointed  Members for the  8^th CPC,

  This Commission will be headed by a Retired Supreme Court Justice  -

Justice: RANJANA PRAKASH DESAI

 

The other members are :

1.  IIM Bangalore  Professor  Mr. PULAK   GHOSE

2.  Petroleum  Secretary; Mr.PANKAJ JAIN/

 

The commission is expected to submits its report by  within   18 months.

 The effective date for the benefits of this 8^th CPC  is  01-01-2026.

VERY HAPPY NEWS.

 

VERY HAPPY NEWS

In Indian Army, Smt. PREETI RAJAK,   an acclaimed Trap Shooter  from Madhya Pradesh  has created history by becoming the First WOMAN  SUBEDAR of the Indian Army.

Preeti Rajak  was born on 06-11-2002 in ITARSI TOWN IN MADHYA PRADESH.

She is a STATE AND NATIONAL LEVEL  Trap Shooting Champion .

Normally, it takes about 20yrs to become  a SUBEDAR in Army.

Due to a powerful symbol of dedication , Talent  this woman has become  the First  ever Woman  Subedar in our Indian Army.  

         "WE CONGRATULATE HER AND WISH  HER A BRIGHT FUTURE ."

DEFENCE SALARY PACKAGE (DSP) AND DEFENCE PENSION ACCOUNT (DPA) REGARDING

 DEFENCE SALARY  PACKAGE(DSP)  AND DEFENCE PENSION ACCOUNT(DPA)  REGARDING.

Dear veterans, 

We all know that, there is MOU between MOD and Banks for certain benefits for Defence serving  and retired personnel.  Accordingly, most our veterans have converted their Normal Saving Bank account to DSP   

Now, we understand that, there is difference between DSP  and DPA.   DSP for serving  and DPA for retired personnel. 

The rule says that, in DSP a/c  , if the  salary is not credited consecutively  for three months, the benefit will be cancelled automatically.  After discharge, there will be no SALARY credit,  For pensioner, there will be only Pension credit.,. Hence, the DSP account will be automatically cancelled. one should have DEFENCE PENSION ACCOUNT instead of  DSP a/c  to get the benefits.  

or

PLEASE CHECK UP IN THE PASS BOOK, IF THE  TYPE OF A/C IS MENTIONED 

AS  DSP-PEN A/C  IT IS OK.

A case had been noticed that, one Subedar , retired from service with DSP account  and dies with an Accident, after say one year after discharge. When his wife claimed for the insurance benefit, the Authorities rejected the claim stating that, the pensioner  was not having DEFENCE PENSION ACCOUNT (DPA) . He was having only Salary a/c ,and  there was no Salary credit, the claim is rejected.  So this is the position.

 In view of the above case study,  our Defence pensioners are requested to convert their  existing Normal SB account  to DPA- Defence Pension Account / DSP-PEN a/c instead of DSP a/c to get the Insurance and other benefits.

All our veterans are requested to note same and pass on this important message to other veterans in their areas.