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 Last updated on April 6th, 2022 12:48 pm 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, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.