Serving the nation is a matter of pride, and ensuring financial security for those who protect us is equally important. State Bank of India (SBI), through its Defence Salary Package (DSP), has always offered special banking benefits to defence personnel.
Now, SBI has further upgraded the benefits for Agniveers of the Indian Army, Navy, and Air Force. These changes are based on the latest SBI circular and are effective from 4th November 2025.
In this article, we explain all the revised benefits, what has changed, and why this new salary package is a valuable offering for every Agniveer.
What’s New for Agniveers Under SBI Defence Salary Package?
SBI earlier introduced the DSP-Agniveer account with several features. To keep up with increasing competition and customer expectations, the bank has now enhanced the insurance coverage and continued all other premium DSP-Gold variant benefits.
Major Insurance Cover Enhancements (Revised)
| Insurance Type | Earlier Benefit | Revised Benefit (From 4 Nov 2025) |
| Personal Accident (Death) Insurance | ₹50 lakh | ₹100 lakh |
| Permanent Total Disability (PTD) | ₹50 lakh | ₹100 lakh |
| Permanent Partial Disability (PPD) | ₹50 lakh | ₹100 lakh |
| Air Accident (Death) Insurance | ₹1 crore | ₹1.5 crore |
These enhancements offer Agniveers and their families greater financial protection in times of need.
Key Features of DSP-Agniveer Account
SBI provides this salary account exclusively to Agniveers of the three defence forces, with the following benefits:
1. NIL Minimum Balance
No need to maintain any monthly average balance.
2. Premium Debit Card Benefits
- International Gold Debit Card available on request
- No annual maintenance charges
- Free debit card for joint account holder
- Unlimited free SBI ATM transactions
3. Free Banking Privileges
- Unlimited free drafts at SBI branches
- Free RTGS/NEFT
- Free multi-city cheques
- 25 free cheque leaves every month
- Waiver in annual locker rent (10%)
- Free standing instruction facility
Enhanced Insurance Benefits for Agniveers
Apart from the upgraded accident and disability covers, SBI also provides several add-on insurance benefits, making this salary package one of the most comprehensive in the banking sector.
Add-On Covers (Applicable when Personal Accident claim is admissible)
- Cost of plastic surgery (burn cases): Up to ₹10 lakh
- Transportation of imported medicines: Up to ₹5 lakh
- Death in coma (after 48 hrs): Up to ₹5 lakh
- Air ambulance support: Up to ₹10 lakh
- Child Higher Education Cover:
- 25% of eligible PAI
- Up to ₹8 lakh (₹10 lakh for girl child)
- 25% of eligible PAI
- Girl Child Marriage Cover:
- 20% of eligible PAI
- Up to ₹5 lakh each (max ₹10 lakh for two girl children)
- 20% of eligible PAI
- Family transportation to accident location: Up to ₹50,000
- Repatriation of mortal remains: Up to ₹50,000
- Ambulance charges: Up to ₹50,000
Special Defence-Related Covers
- Personal Loan Insurance (Xpress Credit): Up to ₹10 lakh (for death in action against terrorists, Naxalites, foreign enemy, etc.)
- Additional PAI for death in action: Up to ₹10 lakh
Air Accident Insurance Eligibility
Applicable when:
- Flight ticket is purchased using the DSP account
OR - Travel happens in defence aircrafts (service/combat/chartered)
OR - Ticket is officially provided by the service department
Why DSP-Agniveer Is a Valuable Account for Every Agniveer
- Highest accident insurance coverage in the segment
- Zero-balance account with premium privileges
- Strong financial protection for family members
- Special covers for education, marriage, and emergencies
- No hidden charges
This upgraded package clearly reflects SBI’s commitment to supporting the brave young Agniveers serving the nation.
Also read-SBI Salary Package Insurance Policy 2025-26: Free Group Personal Accident Insurance cover
Conclusion
SBI’s revised Defence Salary Package for Agniveers is a powerful combination of high-value insurance, free banking services, and exclusive defence benefits. These enhancements ensure strong financial support for Agniveers and their families during service and unforeseen situations.If you are an Agniveer, this salary package is designed to give you the best banking and insurance benefits in the market.