Key facts
What the official sources publish
Every value below belongs to this exact product. Select a source marker to check its context.
Eligible personnelServing Indian Coast Guard personnel with salary accounts at SBI; retired personnel may open or convert to ICGSP-Pension
Source 1Rank-based variantsGold for listed PBOR, technical and enrolled-follower ranks; Diamond for Deputy or Assistant Commandant; Platinum for Commandant (JG) or Commandant; Rhodium for Director General through Deputy Inspector General
Source 2Minimum balanceZero-balance account
Source 3Savings interest rate2.50% p.a. across all account balancesEffective 15 Jun 2025
Source 4SBI ATM transactionsUnlimited transactions at SBI ATMs in India without charge
Source 5Current 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 6Linked Coast Guard coverage rowAnnexure B dated 26 August 2025 records ICGSP PAI/
Source 7Serving-personnel loan fee waiver100% waiver on SBI Personal Loan and Home Loan processing fees; title-investigation, valuation and similar charges remain payable where applicable
Source 8Locker and sweep benefitsUp to 50% off annual locker rental and optional e-MOD auto-sweep; this page does not publish sweep thresholds
Source 9Published free servicesDraft issuance, multi-city cheques, SMS alerts and NEFT/RTGS
Source 10Death-in-action benefitsAdditional ₹10 lakh personal-accident cover 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 11SBI RishteyFamily members may receive differential benefits through SBI Rishtey
Source 12ICGSP-Pension termsRetirees may receive zero balance, unlimited SBI ATM transactions, ₹50 lakh personal-accident death cover, full car-loan processing-fee waiver, locker, sweep and free-service benefits; the introduction separately says pensioners are ineligible for insurance, overdraft and Xpress Credit
Source 13Activation and continuityServing personnel apply 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 14Current insurance policy period and principal coverPolicy 580000/
Source 15Current 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 16Air-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 17Insurance 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 18Special 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 19Insurance 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 20Claim submission, deadlines and settlementClaim forms may go directly to the insurer/
Source 21Beneficiary 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 22Add-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 23Benefits and features
- Zero-balance account with unlimited SBI ATM transactions
- Coast-Guard-specific Gold through Rhodium rank variants
- Conditional serving-personnel insurance and death-in-action benefits
- Loan-fee, locker, sweep, transaction and family-account benefits
Eligibility
- The package is restricted to Indian Coast Guard personnel and uses service-specific rank tiers.
- The 2026-27 accident-policy table states ₹1 crore AAI, while the ICGSP 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 page contains conflicting pensioner-insurance statements; do not rely on the listed ₹50 lakh cover without SBI confirmation.
- The pension section publishes a car-loan processing-fee waiver, not a generic pension-loan waiver.
- More than three consecutive months without 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 ICGSP conversion form