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.
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.