COMPARATIVE MATRIX OF FACILITIES PROVIDED TO DSP ACCOUNT HOLDERS BY BANKS WITH WHICH MsoU HAVE BEEN SIGNED

S/ Items SBI HDFC ICICI Axis IDBI PNB BOI YES IndusInd Kotak Corporation
No (Renewed on (Renewed on 03 (To be (Renewed on (To be (To be (To be (To be renewed) (To be Mahindra (To be renewed)
12 Jul 2018) Apr 2018) renewed) 13 Apr 2018) renewed) renewed) renewed) renewed) (To be renewed)
Free Insurance
1 Personal Rs 30 Lac for all Rs 30 lakhs Sep to Lt Col- Rs 30 lakhs On DSP Acct (Wef 18 Mar 16) Rs 10 lacs for all (Wef 04 Oct 2017 Sep to Lt – 2 lac JCOs/OR - 2.5 lac Elite Acct - Rs 5 lac
. Accident categories. Rs 5 lac till midnight of Capt & above- Offrs -5 lac Delite Acct - Rs10 lac
Insurance wef 12 Jul 2018 Col & above- Rs 3 lac for all JCOs/OR – 17 Feb 2019) 5 lac
(PAI) Cover Rs 10 lac On Debit Card 3 lac, Rs 30 lac for all
amount Lt to Col – 5 lac categories.
Rs 5 lacs for Offrs Brig & above- Note : PAI cover
10 lac (without POS
conditions)
2 Term Life Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Elite Acct - Rs 5 lac
. Insurance Delite Acct-Rs10 lac
Cover
3 Inclusion of Included wef Included wef NA Included wef NA Included NA NA NA NA NA
. Deaths in 04.01.16 03 Apr 2018 13 Apr 2018 wef
Active Ops in 09.06.15
PAI

4 Applicability for All facilities other All facilities incl All facilities incl All facilities incl PAI All facilities incl All facilities All facilities incl Bank not auth to Bank not auth to Bank not auth to All facilities other than
. Pensioners than PAI & PAI & Overdraft PAI PAI incl PAI PAI disburse pension disburse pension disburse pension Overdraft & Term Life
Overdraft &Overdraft &Overdraft & Overdraft Insurance
5 Air Insurance (Wef 04 Jan 17 to Rs 1 Crore Sep to Lt Col- Rs 1 Crore (Provided Air insurance incl (Wef 18 Mar Air insurance incl Rs 100 lac* (Wef Sep to Lt – 5 lac 15 lacs Elite Acct - Rs 5 lac
. 03 Jan 2019)*. *T & C applies Rs 15 lac the ticket is as 16)* as 04 Oct 2017 till Capt & above- Delite Acct - Rs 50 lac
(i) Lt to Maj - 5 lac Col & above- purchased on Axis part of the JCOs/OR -5 lac part of the PAI midnight of 17 Feb 30 lac
(ii) Lt Col & Col - Rs 20 lac Bank Debit Card) PAI Lt to Col - 10 cover for 10 lacs 2019)
20 lac cover for 8 lacs lac, Brig & * T& C appliles
(iii) Brig & above- above-20 lac
30 lac *T& C applies
*T& C Applies
Wef 04 Jan 2019.
(i) Rs 1 Crore.
6 Higher Edn Girl Child Cover. Free Education - Free education - - - Higher Edn - - -
. Benefit & (a) Higher Edn.Only benefits of upto Rs benefit up to Rs 2 Benefit of Rs 1 lac
Marriage Graduation : 10% of 1 lakh per year for 4 Lakh for education for 4 yrs for edn
PAI cover, max years to dependent of wards (the age of from class XII
Rs 2 lakh child in case of 12-20 years) of onwards of
(b) Marriage. 18-25 Accidental Death of deceased personnel deceased
age) : 10% of PAI defence personnel. (where PA cover is personnel
cover, max Rs 2 lakh applicable) (wherever PA
. cover is approved)
7. Tpt of dead Rs - - - - - - - - - -
body. 20,000/-

8. Cost of Rs 2 Lakh. - - - - - - - - - -
Plastic
Surgery/Burn(
For Gold and
above
Variant).

* Only if tickets are purchased through Salary account (Para 5 SBI)

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S/ Items SBI HDFC ICICI Axis IDBI PNB BOI YES IndusInd Kotak Corporation
No (Renewed on (Renewed on 03 (To be (Renewed on (To be (To be (To be (To be renewed) (To be Mahindra (To be renewed)
12 Jul 2018) Apr 2018) renewed) 13 Apr 2018) renewed) renewed) renewed) renewed) (To be renewed)
9. Tpt of Rs 1 Lakh - - - - - - - - - -
Imported
Medicine
(for Gold and
above
Variant).
10. Death after Rs 2 - - - - - - - - - -
Coma after Lakh.
accident
(more than 24
hrs).
11. Air Rs 5 - - - - - - - - - -
Ambulance. Lakh.

12. Family Tpt Rs 20,000/- - - - - - - - - - -

(Cost of travel
incurred by
imdt 2 family
members to
reach place
of accident).
13 Ambulance Rs - - - - - - - - - -
Charges 1,500/-
(a) Permt Total (a) Total - (a) Total Permanent - - - Rs 30 lakh (Total - - -
14. Permanent Disability cover Permanent Disability Rs-30 permanent
Total (i) Rs 10 Lakh Disability Rs-30 lakhs disability
Disability wef 04 Aug 2018 lakhs (b) Partial coverage upto
Cover to 03 Jan 2019. (b) Partial Disability 100% of S.I under
(ii) Rs 30 Lakh Disability following
wef 04 Jan 2019. Rs-05 lakhs. Rs-30 lakhs conditions :- Loss
(percentage) of sight (Both
(b) Partial eyes), Loss of two
disability limbs and Loss of
(i) Rs 10 Lakh One Limb & One
wef 04 Jan 2019. eye.
15. Linked to Acct Both Card Acct Both Acct Acct Card Card Card Acct
debit /
saving acct
16. Purchase Not available Zero Lost Card Available Available Purchase Not available Zero lost card Available Available Available to Gold Not available
protection & Liability available protection liability available Debit Card
Zero Card Lost available (JCO/OR)
Liability
NOC for Change of Bankers
17. NOC To be issued Not reqd Not reqd Not reqd Not reqd To be issued Not reqd Not reqd To be issued Reqd Not reqd
within within within 3 days
3 2 days
days
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S/ Items SBI HDFC ICICI Axis IDBI PNB BOI YES IndusInd Kotak Corporation
N (Renewed on (Renewed on (To be (Renewed on (To be (To be (To be renewed) (To be renewed) (To be Mahindra (To be renewed)
o 12 Jul 2018) 03 Apr 2018) renewed) 13 Apr 2018) renewed) renewed) renewed) (To be renewed)
Loans
18. Concession No concession Int concession on 50 bps lower than As per current rates 0.50% discount No concession 0.50% less 200 bps -PL 25 bps less than 0.50% less than card No concession
rates on loans Market card on card rate than usual rate the card rate rate.
Pers -50 bps rate on AL subject to min Interest
Car- 20bps, of base rate concession on
Two wheeler-200 Loan against
bps, Edn loan-100 property
bps less than card
rate

19. Margin : Car 5% concession N 5% concession Nil Nil N Ni Nil Nil 5% concession Nil
20. Processing Waived Waived 0.25 % or Rs Waived Waived Waived Waived Nil Waived 50% in 50% waiver Waived
Charges: 10,000/- LAP
Home loan whichever is
20. Processing Waived Waived 50% waived Waived Nil Waived Waived Nil Nil 50%waiver Waived
Charges: Car
loan
21. Processing Waived Waived Waived Waived Waived Waived Waived Waived Nil 50%waiver Nil
Charges:
Xpress Credit
loan
22. Easy Overdraft 2 month’s Net 03 Months As per eligibility - 5 months Net 2 months Net PBOR 3 times of Nil 2 months Net 1-2 months of salary Corp Pay Elite – 1 month
No of month’s Salary or with a max criteria salary salary Net salary (Max Rs salary (Max 5 lacs) net salary or max of Rs
salary 1 lac). 50,000/-
(i) JCOs/OR –
Rs 40,000/- Offrs 4 times of Corp Pay Delite – 1 months
(ii) Lt to Maj- net salary (Max Rs net salary or max of Rs 2
Rs 75000/- 2 lac).
lacs)
(iii) Lt Col to Col -
Rs 1.5 Lac
(iv) Brig & above-
Rs 2 Lac

Card Facilities
23. Free Card Free Free Free Free Free Free Free Free Free Free Free
24. Jt account Free Free Free Free Free Free Free Free Free Free Free
Transactions
25. RTGS / NEFT Free Free Free Free Free Free Free Free Free Free Free
26. Draft issue Silver Card- 5 Unlimited for all Unlimited for all Free Unlimited Unlimited for JCOs/OR -5 Unlimited for all Unlimited for all Free Unlimited for all Unlimited for all
(No of free Gold Card -10 account holders account holders all Lt to Maj- 10 account holders account holders account holders account holders
drafts per Diamond -25 account Lt Col & Col -25
month with a Platinum-Unlimited holders Brig & above -
ceiling of Rs Unlimited
50000/- each)
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S/ Items SBI HDFC ICICI Axis IDBI PNB BOI YES IndusInd Kotak Corporation
No (Renewed on (Renewed on (To be (Renewed on (To be (To be (To be (To be renewed) (To be Mahindra (To be renewed)
12 Jul 2018) 03 Apr 2018) renewed) 13 Apr 2018) renewed) renewed) renewed) renewed) (To be renewed)
27. Usage of other Subject to Free Unlimited Free Unlimited Free Unlimited Free Unlimited Subject to Free Unlimited Free Unlimited Subject to RBI Free Unlimited Free Unlimited
Banks ATMs RBI RBI regulations
28. Drafts applied Free Free Free Free Free Free Free Free Free Free NA
by
Nepali Gorkha
soldiers for
bonafide family
remittances,
payable at
Nepal State
Bank Ltd

29. Remittances by Free Free Free Free Free Free Free Free As per actual Chargeable NA
Nepali Gorkha SBL Charges
soldiers under
Nepal Express
Remittance
Scheme
(NERS) and
Indo Nepal
Remittance
Scheme
(INRS)