SBI and Border Security Force sign MoU to offer curated benefits through CAPSP Scheme – The State Bank of India (SBI) and Border Security Force (BSF) have signed a Memorandum of Understanding (MoU) in order to offer solutions for financial security to serving and retired BSF personnel and family pensioners through the Central Armed Police Salary Package (CAPSP) Scheme.
- The MoU aims to benefit and ensure financial security for the BSF personnel and their families.
- It will also offer a host of curated benefits through our Central Armed Police Salary Package (CAPSP), and will ensure ease of access to banking facilities for them and their families.”
- It will ensure extensive benefits to the security forces including complimentary Personal and Air Accidental Insurance (Death) cover, additional cover in case of on-duty death, and Permanent Total Disability / Partial Disability cover. The MoU will support child education and the marriage of girl children of deceased BSF personnel.
- It will also provide complimentary Personal Accidental (Death) Insurance, irrespective of age benefits to retired personnel.
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