State Bank Of India

State Bank of India (SBI) has renewed the Memorandum of Understanding (MoU) with the Indian Air Force for the Defence Salary Package (DSP) scheme. Under this scheme, it will offer various benefits and features to all serving and retired Air Force personnel and their families.

The lender offers extensive benefits to the Air Force personnel such as complimentary personal accidental insurance, air accidental insurance, and additional cover in case of on-duty death (during action).  The enhanced benefits contained in the MoU will be automatically extended to all the Air Force personnel who are covered under its Defence Salary Package.

SBI is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.