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Defence Salary Package Accounts Presentation

The document compares Defence Salary Package Accounts offered by HDFC Bank, ICICI Bank, and SBI Bank, highlighting features such as zero balance requirements, insurance coverage, and loan concessions. Each bank provides unique benefits tailored for defence personnel, including accident insurance, free ATM transactions, and family extensions. The conclusion emphasizes the importance of selecting a package based on individual priorities and acknowledges the service of defence personnel.

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cdranurag
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833 views10 pages

Defence Salary Package Accounts Presentation

The document compares Defence Salary Package Accounts offered by HDFC Bank, ICICI Bank, and SBI Bank, highlighting features such as zero balance requirements, insurance coverage, and loan concessions. Each bank provides unique benefits tailored for defence personnel, including accident insurance, free ATM transactions, and family extensions. The conclusion emphasizes the importance of selecting a package based on individual priorities and acknowledges the service of defence personnel.

Uploaded by

cdranurag
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd

Benefits of Defence Salary Package

Accounts
Comparison of Banks
• HDFC Bank | ICICI Bank | SBI Bank
• Presented by: Commander Anurag Saxena
(Retd)
• Date: 25 Apr 2025
Introduction
• What is a Defence Salary Package Account?
– Specially designed for Defence personnel.
– Offers zero balance,
– enhanced insurance, preferential loans.
– For both serving and retired personnel.
HDFC Bank – Defence Salary Package (DSP)

• Zero balance account


• Accidental Cover: Up to ₹1 crore
• Air Accident Insurance: ₹1 crore
• Free Debit Card
• Auto sweep-in FD facility
• Preferential loan rates
• Free locker (1st year)
• Relationship manager for senior ranks
ICICI Bank – Defence Salary Account
• No minimum balance
• Accident Insurance: ₹50 lakhs
• Free unlimited ATM transactions
• Concession on loan interest rates
• Zero processing fees
• Complimentary air insurance upto 1 crore
• Permanent Total and Partial Disability cover up to Rs 50
Lakh
• Child Education Benefit of Rs 5 Lakh for child(ren) up to
22 years
• Hospitalisation related cover upon accidental death
• Enhanced digital banking
• Extended benefits to Family Members
SBI – Defence Salary Package (DSP)
• Zero balance account
• Free unlimited number of transactions across all SBI
ATMs in India.
• Personal Accidental Insurance (Death) cover of Rs. 30
Lakhs
• 100% waiver of processing fee on Pension Loans.
• Up to 25% off on annual locker rent.
• Auto-Sweep facility (optional) to create e-MODs (Multi
Option Deposits) and earn higher interest.
• Demat & Online Trading A/c facility available.
• Free issuance of Drafts, Multi City Cheques, SMS Alerts.
NEFT/RTGS.
Comparison Table
Feature HDFC ICICI SBI
Zero Balance ✅ ✅ ✅

Accidental ₹1 Cr
₹1 Cr (Air + PA) ₹30L (PA)
Insurance (Air/PA)

Loan Concessions ✅ ✅ ✅

Free Locker 1st Year (select) ❌ ❌

Free ATM Unlimited at


Limited Unlimited
Transactions SBI

Extended to Family ❌ ✅ ✅
Comparison Table
Feature ICICI Bank HDFC Bank SBI

Minimum Balance Zero Zero Zero

Personal Accident
₹50 lakh ₹5 lakh ₹30–50 lakh
Cover

Air Accident Cover ₹1 crore ₹25 lakh ₹1 crore

₹50 lakh
Disability Cover Not specifi ed Not specifi ed
(Total/Partial)

Child Education ₹5 lakh (2


Not off ered Not off ered
Benefi t children)

Free
Free Titanium
Debit Card Free International Gold/Platinu
(Cashback)
m (Rewards)

Overdraft
Preferential
Loan Privileges Preferential rates (select
pricing
customers)

Money Multiplier 5% cashback on Auto-Sweep e-


Unique Feature
Scheme PayZapp MODs
Conclusion
• - All banks offer strong, secure packages for
defence personnel.
• - Choose based on priorities: insurance, loans,
locker, family benefits.
• - A salute to those who serve the nation.
Thank You
• Questions & Discussion
• Contact: [anurag.saxena11@[Link]]
• Phone: [9869029008]

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