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For conveying our gratitude to the defence personnel for their service to the Nation, our bank introduced a novel and attractive payroll scheme for them on July 7, 2012. The Payroll scheme is named “ Maha Suraksha Payroll Scheme“and is being offered with the slogan ” You Serve the Country and we serve you & your family.”

Like the Defence personnel, members of police force serve the nation with sacrifice and dedication. More than 21.25 lac Police personnel in the country untiringly work to ensure that all of us live a simple & peacefull life.

As a gratitude to them it has been decided to extend our “ Maha Suraksha Payroll Scheme”to Police personnel across the country. With this the scheme will be available for all the personnel of central Armed Forces ( BSF, CRPF, CISF, ITBC etc.) Air forces, Naval forces, all State/UT/ Inter State Police Forces and all other special Task forces. Minimum number of accounts per establishments/ office shouid be twenty (20).

Detailed features of the scheme and benefits being offered in the accounts under the scheme as applicable to Defence personnel and police personnel are produced hereunder-

Sr NoParticulars Service/ productDefence personnelPolice personnel
  Commisioned officersBelow the Rank of Commmi- Ssioned officersBelow the Rank of Commmi- Ssioned officersConstabulary rank Constables & Sub constables
1Employee strengthMin 20 in one establishement
2Initial depositA/c can be opened with Zero bal. The initial credit in the a/c should be by way of credit of salary by the employer
3Min BalNo min balance required in the a/c( Zero bal in the a/c
4Intt on deposit in the a/cAs applicable to normal saving bank account
5Easy overdraft( to be approved by BM on application4 times of net monthly salary Max. Rs.2.00lakhs3 times of net monthly salary Max. Rs.1.00lakhs4 times of net monthly salary Max. Rs.1.5lakhs3 times of net monthly salary Max. Rs.50000
6Personali cheque leavesUnlimited Free leaves75 free leaves per annumUnlimited Free leaves75 free leaves per annum
7Demand DraftUnlimited free DD’s for personal use.( If not against Cash deposit in the same day and not to be used for business purpose.
8RTGS/NEFT RemittancesUnlimited free remittance facility through net banking
9Cash deposit at Non home br.Free at all our branches throughout India.
10Cash withdrawal through self drawn cheque at non home br.Free ( Within daily maximum limit stipulated for SB accounts Rs. 50,000/- at present.)
11ATM-cum-Debit cardFree for life Cash withdrawal Limit of Rs.50000/- per day. POS use limit Rs.1.0 lac /dayFree for life Cash withdrawal Limit of Rs.25000 /- per day. POS use limit Rs.50000/dayFree for life Cash withdrawal Limit of Rs.50000/- per day. POS use limit Rs.1.0lac/dayFree for life Cash withdrawal Limit of Rs.25000 /- per day. POS use limit Rs.50000/day
12Transactions at non BOM ATMs in IndiaFreeFreeFreeFree
13Internet Bnkg/Phon Bang/SMS BnkgFreeFreeFreeFree
14e-stat of a/c monthlyFreeFreeFreeFree
15Personal Accidental Death Insurance coverRs.3.0lacsRs.2.0lacRs.3.0lacsRs.2.0lac
16Credit Card (BOm & SBI co-branded cardFree International Gold card( No annual maintenance fee75% concession in Annual maintenance feeNANA
17Concession in locker rents for self & immediate family members30%25%30%25%
18Interest concessio on retail loans-home,auto0.25% less than the rate applicable to public (Subject to minimum of base rate)
19Concession in MarginHome,auto10% concession5% concessio10% concessio5% concessio
20Processing On retail Home,VehFull waiverFull waiverFull waiverFull waiver
21Edn loan to ward of Def.personAvailable as per IBA Model Education loan scheme
22Demat a/cFree( No annual maintenance charges)50% concession in Annual MaintenanFree50% concession In annual maintenan
23Utility bill Payment facility/on-line shoppingFreeFreeFreeFree