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SBI tie-up with BSF to offer curated benefits through CAPSP Scheme

The State Bank of India (SBI) has tied up a Memorandum of Understanding (MoU) with the Border Security Force (BSF).

Sumit Arora Published On April 6th, 2022 Leave a comment

The State Bank of India (SBI) has tied up a Memorandum of Understanding (MoU) with the Border Security Force (BSF) to provide solutions for financial security to BSF personnel through the Central Armed Police Salary Package (CAPSP) Scheme. The MoU will offer a bouquet of benefits to the serving security forces, retired personnel as well as family pensioners.

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These may include complimentary Personal and Air Accidental Insurance (Death) cover, additional cover in case of on-duty death, and Permanent Total Disability / Partial Disability cover, support in child education and the marriage of girl children of deceased BSF personnel among other benefits.

Important takeaways for all competitive exams:

SBI Founded: 1 July 1955;
SBI Headquarters: Mumbai;
SBI Chairman: Dinesh Kumar Khara.

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Sumit Arora

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As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.