MoU on Defence Salary Package Signed Between Indian Army And SBI

An MoU was signed between the Indian Army and State Bank of India on the Defence Salary Package. The signing-in ceremony was chaired by the Director-General (MP&PS), Lt Gen SK Saini in Mumbai.

The first MoU between SBI and the Indian Army was signed in 2011 and was renewed on 23 Feb 2015. This MoU will benefit a large number of serving and retired Army personnel who are having their accounts with SBI. The MoU will be valid till 03 Jan 2019 and continuation thereafter will be subject to review/renewal. 
Source- Press Information Bureau (PIB)

Static/Current Takeaways Important for SBI PO/Clerk Exam 2018- 
  • General Bipin Rawat is the present and 27th Chief of Army Staff of Indian Army. 
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