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About PMSP

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BRAVE HARSH CONDITIONS IN THE LINE OF DUTY


WE ENSURE A SMOOTH PASSAGE FOR YOUR SALARY
 Unique lifelong account Number
 Zero balance Account
 No service charges for non maintenance of minimum balance
 Free ATM-cum-shopping card with no annual maintenance charges
 Free Add-on card for joint account holder
 Free Multi City Cheques.
 Free Cheque books
 Free Demand Drafts
 Free Internet banking
 Free RTGS & NEFT facility
 Free SMS alerts.
 Auto Sweep facility to Multi Option Deposits.
 Concession in interest rates on home loan, car loan, x-press credit personal loan and
education loan.
 Concession in margin requirement / own contribution for home loan and car lone.
 Discount on purchase of Gold Coins.
 And more…

Also Available : Corporate Salary Package (CSP) for employees of Corporates and
institution, Defence Salary package (DSP) : Customized Salary Packages for all 3 Armed
Forces (Army, Air Force, Navy). Special Package also available for Indian Coast Guard,
Assam Rifles and Rashtriya Rifle, Railway Salary Package (RSP) for employees of Indian
Railways. Special Packages for Insurance Commission Agents (SPICA). And many more
customized package in the offing.

STATE BANK OF INDIA – PARA MILATARY FORCE PAY FACILITY (PMSP)


Eligibility, Silver Golden Diamond Platinum
Employees of
BSF,CRPF,Ko
bra,
ITBP,SG &
SSB
CT to Sub Major Asstt Comdt to 2IC to Comdt DIG to DG
DC
Balance Zero balance Zero balance Zero balance Zero balance
A separate Available Available Available Available
account of life
Period.
ATM & Debit Free Free  Cheque book  Cheque book
Card  Master card for  Gold Debit fee/payment fee/payment
use in entire card (Master fee/transactio fee/transaction
Country card will be n fee-free fee-free
 No any annual available for  In case of Jt  In case of Jt
fee. use in foreign a/c free card a/c free card
 In case of Jt a/c country also for spouse for spouse

Paramilitary salary package Page 1


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free card for without any fee  No separate  No separate


spouse  In case of Jt a/c card for card for single
 A separate card free card for single a/c a/c holder.
for single A/C spouse. holder.  Transaction
holder  No separate  Transaction limit of 2 lakh
 Transaction limit card for single limit of 2 in sale
of 50,000/- in a/c holder. lakh in sale centre/busines
sale  Transaction centre/busine s organization.
entre/business limit of 2 lakh ss  Insurance
organization in sale organization. facility for Rs.
centre/business  Insurance 2 lakh in case
organization. facility for of accident.
 Insurance Rs. 2 lakh in As per present
facility for 2 case of policy this can
lakh in case of accident. be used in
accident. As per retiring room
 As per present present of main Air
policy this can policy this port.
be used in can be used
retiring room in retiring
of main Air room of main
port. Air port.

ATM No time restriction  No time limit  No time limit  No time limit


Transaction for transaction but, monetary but, monetary but, monetary
subject to max of limit of 1000/- limjit of limjit of
Rs. 40,000/- Free. (in India 1000/- (in 1000/- (in
ATM transaction 50,000/) for India India 50,000/)
with all banks. holder of 50,000/) for for holder of
International holder of International
golden debit International golden debit
card. golden debit card.
 Free ATM card.  Free ATM
transaction with  Free ATM transaction
all banks transaction with all banks
with all
banks
Internet  Free with SBI,  Free with SBI,  Free with  Free with SBI,
banking but chargeable but chargeable SBI, but but chargeable
with other site with other site chargeable with other site
such a Railway such a Railway with other such a
etc. etc. site such a Railway etc.
Railway etc.
Core power  Free for CPMF  Free for CPMF  Free for  Free for
(a) transaction a/c holder a/c holder CPMF a/c CPMF a/c
facility with holder holder.
other branches
also
(b) facility to

Paramilitary salary package Page 2


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transfer the
money among
the branches of
SBI.
Cheque book  No time limit and  No time limit  No time limit  No time limit
free of cost and free of cost and free of and free of
cost cost
Multicity  Cheque book  Cheque book  Cheque book  Cheque book
cheque fee/payment fee / fee/payment fee/payment fee/payment
(available in all transaction fee- fee/transaction fee/transactio fee/transaction
branches in free fee-free n fee-free. fee free
same value
(Maximum for
Rs. 2 lakh
Easy overdraft Silver Golden Diamond Platinum
facility upto
two months Rate of Interest Rate of Interest Rate of Rate of
15.75% P.A. at 15.75% P.A. at Interest Interest
present overdraft present 15.75% P.A. 15.75% P.A.
facility up to two overdraft at present at present
months the facility upto overdraft overdraft
amount will be two months the facility upto facility upto
deducted in 6 amount will be two months two months
months from pay deducted in 6 the amount the amount
this amount can months from will be will be
be converted in pay this amount deducted in 6 deducted in 6
personal loan for can be months from months from
which an converted in pay this pay this
application is personal loan amount can amount can be
required to be for which an be converted converted in
submitted and the application is in personal personal loan
loan to be re-paid required to be loan for for which an
in 48 months in submitted and which an application is
attractive rate of the loan to be application is required to be
interest re-paid in 48 required to be submitted and
months in submitted the loan to be
attractive rate and the loan re-paid in 48
of interest to be re-paid months in
in 48 months attractive rate
in attractive of interest
rate of
interest
Issue of draft :
free draft 5 10 25 No time limit
facility upto
Rs. 50,000/-
and essential to
issued from
PMSP a/c
(This facility is

Paramilitary salary package Page 3


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not a
applicable in
cash
transaction
Draft drawn in  Free  Free  Free  Free
favour of
Nepal SBL will
be issued in
Nepal
RTGS / NEFT  Free  Free  Free  Free
Priority for  Available and fee  Available and  Available  Available and
taking of of cost free of cost and free of free of cost
locker and cost
rebate in locker
fee
Internet  Free of cost as  Free of cost as  Free of cost  Free of cost as
payment per present per present as per present per present
facility system system system system
Savings plus  Initial amount   
(self interest 5,000/-
facility) TDR/STDR min
10,000/- in one
time (and
thereafter 1000/-
in multiple)
Implementatio  Free  Free  Free  Free
n of permanent
orders.
Pass book  Available for all  Available for  Available for  Available for
a/cs all a/cs all a/cs all a/cs
Pass book  Free  Free  Free  Free
printing
(update)
facility in own
and other
branches
Rebate in home    
loan, car loan,
imdt loan
Margin of  5%  5%  5%  5%
rebate in home
loan upto
50,000/- and
car loan only
for new car.
Processing fee  Not applicable  Not applicable  Not  Not applicable
will be charge applicable
in personal
loan
Easy trade in  With fe   

Paramilitary salary package Page 4


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share purchase
(D mat, share
purchase and
savings a/c
facility in a
single account.
Mobile  Available  Available  Available  Available
banking
facility
SBI special  Not available  Not available  Not available  Not available
ranking

SBI Special facility for Platinum a/c holder

 Separate room in special branches for personal service


 Special facility on which
 Free withdrawal from cheque uoto 25000/- thrice in a month
 Priority of allotment of locker and rebate in locker fee at present 25%
 Prior sanctioned house loan
 D mat facility with rebate in annual fee available in all branches where positiery
depository service provided.
 Extension of time in easy and immediate transaction.
 A quarterly news letter will be sent by the banking business unit intimating about the
different activities, new plans and other activities created by the bank.

 Details of fee applicable to different class


 Closure of account before  150/-
 Duplicate statement / pass book  100/- with details of new
balance
 100/- for every 40 addl
entries.
 To stop the payment of cheque  50/-

Paramilitary salary package Page 5

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