Key facts
What the official sources publish
Every value below belongs to this exact product. Select a source marker to check its context.
Eligible servicesPersonnel of the Indian Army, Indian Navy, Indian Air Force, Assam Rifles, Rashtriya Rifles and GREF/BRO; retired personnel may use DSP-Pension
Source 1Rank-based variantsGold for personnel below officer rank or listed equivalent groups; Diamond, Platinum and Rhodium for progressively senior service-specific officer ranks
Source 2Minor Navy recruitsDSP accounts for sailors joining the Navy before attaining majority are opened without insurance
Source 3Minimum balanceZero-balance account
Source 4Savings interest rate2.50% p.a. across all account balancesEffective 15 Jun 2025
Source 5SBI ATM transactionsUnlimited transactions at SBI ATMs in India without charge
Source 6Current serving-personnel accident coverFor 4 April 2026 through 3 April 2027: personal-accident death ₹1 crore, air-accident death ₹1 crore, permanent total disability up to ₹1 crore and permanent partial disability up to ₹1 croreEffective 4 Apr 2026
Source 7Linked force coverage statusAnnexure B dated 26 August 2025 records force-specific MOU, PAI/
Source 8Death-in-action benefitsAdditional personal-accident cover of ₹10 lakh and up to ₹10 lakh cover for an SBI personal-loan account for qualifying death in action against terrorist, Naxalite or foreign-enemy activity
Source 9Loan processing-fee waiver100% waiver on SBI Personal Loan and Home Loan processing fees; actual title-investigation, valuation and similar charges remain payable where applicable
Source 10Locker-rental concessionUp to 50% off annual locker rental
Source 11Auto-sweepOptional facility to create e-MODs; this page does not publish its thresholds
Source 12Published free servicesDraft issuance, multi-city cheques, SMS alerts and NEFT/RTGS
Source 13SBI RishteyFamily members may receive differential benefits through SBI Rishtey
Source 14DSP-Agniveer banking featuresAgniveers of the Army, Navy and Air Force: nil monthly average balance, International Gold debit card on request without issuance or annual-maintenance charge, free joint-holder card, unlimited SBI ATM transactions, 25 free cheque leaves monthly, 10% locker concession and listed free transfer, standing-instruction and draft servicesEffective 11 Dec 2025
Source 15DSP-Agniveer insurance statusThe linked notice's personal-accident insurance was stated only for 4 November 2025 through 3 April 2026; continuation required policy review or renewal and is not verified as currentEffective 3 Apr 2026
Source 16DSP-Pension benefitsRetired personnel: zero balance, unlimited SBI ATM transactions, personal-accident death cover ₹50 lakh, full pension-loan processing-fee waiver, up to 50% locker concession, optional e-MOD sweep and listed free banking services
Source 17Activation and continuityServing personnel apply at the home branch with salary and employment proof; pensioners use pension proof and PPO. More than three consecutive months without salary or pension credit converts the account to normal savings and removes package benefits
Source 18Current insurance policy period and principal coverPolicy 580000/
Source 19Current accident-insurance add-onsOn an admissible personal-accident claim: burns plastic surgery up to ₹10 lakh; imported medicines up to ₹5 lakh; coma over 48 hours up to ₹5 lakh; air ambulance up to ₹10 lakh; dependent-child higher education ages 18-25 equals 25% of PAI, capped at ₹8 lakh or ₹10 lakh for a girl; girl-child marriage ages 18-25 equals 20% of PAI, capped at ₹10 lakh for two girls or ₹5 lakh for one; transport for two immediate family members ₹50,000; mortal-remains transport ₹50,000; ambulance ₹50,000; Xpress-loan action cover ₹10 lakh; additional action-death cover ₹10 lakh; foreign-soil duty-death cover ₹10 lakh. The last two action covers are mutually exclusive.Effective 4 Apr 2026
Source 20Air-accident eligibility conditionAir-accident cover requires the ticket to be purchased through the salary-package account using its debit card, cheque or internet banking, unless travel is in a combat aircraft, service aircraft or chartered flight, or arranged by the department for official duty.Effective 4 Apr 2026
Source 21Insurance eligibility and account conditionsComplimentary cover is a privilege, not a right, and applies to the primary salary-package holder with the correct CBS product code. At least one salary or pension credit must fall strictly within 90 days before the accident, except for accounts opened in the last 90 days. Final cover is the lower eligibility produced by the last three months' net salary credits or the account's system classification. Joint holders, minor SBI Rishtey holders and DSP Navy sailors below age 18 are excluded. Existing, newly opened and converted eligible accounts are covered.Effective 4 Apr 2026
Source 22Special covered accident eventsFor Defence and CAPSP, non-declared-war aircraft or ship accidents cover pilots and crew, foreign peacekeeping, civilian natural-disaster rescue and similar civilian operations. Death attributable to high-altitude conditions and snake bite is covered. For DSP, CAPSP, ICGSP and PSP personnel serving in North-eastern states, poisonous-insect bites are covered but mosquito bites are excluded. Commercial-airline and ship salary-account crew are covered. Air-accident claims require salary-account ticket debit, a service/combat/chartered flight needing no personal ticket, or department-provided official-duty travel.Effective 4 Apr 2026
Source 23Insurance aggregate and multiple-account limitsAir-accident insurance has an any-one-accident aggregate of ₹25 crore and any-one-year aggregate of ₹50 crore, distributed pro rata at the insurer's discretion if invoked, in addition to package PAI. For eligible DSP/
Source 24Claim submission, deadlines and settlementClaim forms may go directly to the insurer/
Source 25Beneficiary and claim allocationInsurance proceeds are first appropriated to outstanding loans of the deceased or disabled holder. For a sole account, the registered nominee is beneficiary; for a joint account, surviving holder(s) take priority even if a nominee exists; if all joint holders die, the nominee applies; other cases follow the insurer's legal-heir procedure.Effective 4 Apr 2026
Source 26Add-on cover conditionsAll add-ons require an admissible PAI death claim. Burn plastic-surgery reimburses actual pre-death cost up to ₹10 lakh; imported-medicine freight up to ₹5 lakh requires an invoice; coma must exceed 48 hours and pays ₹5 lakh; air ambulance up to ₹10 lakh is India-only and excludes return home. Graduation cover requires a full-time recognised course and age 18-25; marriage cover requires a dependent girl aged 18-25 at the accident. Family transport covers two immediate family members up to ₹50,000; mortal-remains transport is hospital-to-residence up to ₹50,000; ambulance is up to ₹50,000. Xpress-loan cover pays outstanding principal, interest and charges to accident date up to ₹10 lakh for a qualifying SBI-branch loan. Action-death and foreign-soil-duty ₹10 lakh covers are mutually exclusive.Effective 4 Apr 2026
Source 27Benefits and features
- Zero-balance service account with unlimited SBI ATM transactions
- Service- and rank-specific Gold through Rhodium variants
- Serving-personnel, Agniveer and pensioner-veteran package paths
- Conditional insurance, loan-fee, locker, sweep and banking-service benefits
Eligibility
- Eligibility and account tier depend on the exact service, organisation and rank mapping published by SBI.
- Sailors joining the Navy before majority receive a DSP account without insurance.
- The 2026-27 accident-policy table states ₹1 crore AAI, while the DSP page still says ₹1.50 crore; the current policy amount is used and the conflict is disclosed.
- SBI's latest displayed group-life period ended 30 April 2026, so the page's ₹10 lakh GTL claim is not represented as currently verified.
- The linked Agniveer insurance notice expired on 3 April 2026, so current cover must be confirmed with SBI.
- More than three consecutive months without the required salary or pension credit causes conversion to normal savings and withdrawal of package benefits.
Passing a listed condition does not mean the bank will approve an application.
Documents the bank lists
- Proof of salary and employment for serving personnel
- Proof of pension and Pension Payment Order for veterans
- Applicable DSP conversion form