Defence Pensioners DSP (Pension) Account with Claim Process for Rs 30 Lakh Insurance Benefit

dsp account


Defence personnel of the Indian Army, Indian Navy, Indian Air Force, Assam Rifles, Rashtriya Rifles (RR) , GREF and  Border Road Organisation (BRO) can avail Salary Accounts under Defence Salary Package (DSP). Retired Personnel can also open / convert their accounts in DSP – Pension.

It has been found that most of the pensioners has not converted their DSP (slary) to DSP (Pension) account.  Code of DSP (Salary) account is different from DSP(Pension).

DSP Account is available in three variants, namely Gold, Diamond and Platinum based on rank of personnel of the Indian Army, Indian Navy, Indian Air Force, Assam Rifles, RR and GREF (Border Road Organisation). Personnel Below Officer Rank (PBOR) are categorised under Gold Variant; Officers are categorised under Diamond and Platinum variants.  Rank wise entitlement of all three wings of Armed Forces personnel are as under :-

Entitlement for DSP-Army Account of SBI

  • GOLD : JCOs & other Ranks
  • DIAMOND : Lieutenant, Captain, Major
  • PLATINUM: Lt. Colonel, Colonel, Brigadier, Major General, Lt. General, General

Entitlement for DSP-Navy  Account of SBI

  • GOLD : Sea II, Sea I, Leading Seaman, Petty Officer, Chief Petty Officer, Master Chief Petty Officer-II and Master Chief Petty Officer-I
  • DIAMOND: Sub Lieutenant, Lieutenant and Lieutenant Commander
  • PLATINUM: Commander, Captain, Commodore, Rear Admiral, Vice Admiral and Admiral

*DSP Accounts of Sailors joining Navy before they attain majority, will be opened without Insurance and Overdraft facility

Entitlement for DSP-Air Force Account of SBI

  • GOLD : Personnel Below Officer Rank
  • DIAMOND: Flying Officer, Flight Lieutenant, Squadron Leader
  • PLATINUM : Wing Commander, Group Captain, Air Commodore, Air Vice Marshal, Air Marshal, Air Chief Marshal

DSP-General Reserve Engineering Force (GREF)/Border Road Organisation (BRO)

  • GOLD: Personnel Below Officer Rank
  • DIAMOND : Asst. Engineer/ Asst. Administrative Officer, Asst. Executive Engineer/ Administrative Officer/ Medical Officer II, Executive Engineer/Senior Administrative Officer/ Medical Officer
  • PLATINUM: Superintendent Engineer/ Joint Director (Administration), Superintendent Engineer (Selection Grade)/ Director (Administration), Chief Engineer, Additional Director General, Director General

DSP  account for Assam Rifles

  • GOLD : Bugler, Rifleman and Mule Driver, Lance Naik, Nalband, Havaldar, Warrant Officer, Havaldar Major, Naib Subedar, Subedar, Subedar Major
  • DIAMOND: Deputy Commandant, Assistant Commandant (equivalent to Lt and Capt in Indian Army)
  • PLATINUM: Commandant, Second-In-Command (equivalent to Major, Lt Col and Col in Indian Army) and Personnel at this level are being deputed from Indian Army and DSP Army would be offered to them

DSP  account for Rashtriya Rifles

  • Personnel in Rashtriya Rifles are on deputation from Indian Army and hence covered under DSP Army. Accounts are classified as per Ranks in Indian Army.

DSP  Account in SBI for  Agniveer

  • Personnel recruited in Indian Army, Indian Airforce and Indian Navy with Distinctive Benefits under “Agnipath” Scheme of Government of India.

Insurance Cioverage for DSP Account Holders

Personal Accident Insurance (Death) Cover (PAI)*, Air Accident Insurance (Death) Cover (AAI)* for Salary Package Accounts

Insurance ProviderThe Oriental Insurance Company Limited
Period of Insurance04.01.2023 to 03.01.2024
PAI Policy Number111700/48/2023/373

Please click on the following links for claim process and forms:

PAI & AAI Claim Intimation and Claim Process


Disability Related Claims forms

Please note: PAI Claims where the salary account holder meets with an accident between 04.01.2023 and 03.01.2024 and expires/ disabled after the Policy Period but within 12 months of Accident, should also be submitted to the Insurance Company using above forms and any other documents required by Insurance company. Above Cover are available subject to Concerned account being categorised under respective salary package / variant in Bank’s system basis customers written application.

For the year 2024, SBI will further provide insurance providers for the period from 04.01.2024 to 03.01.2025 and the details will be intimated in this website accordingly

* Conditions apply

In case of any sort of grievances or suggestion, you may contact the defence sector banking advisors as details below- 

Benefits to Serving Personnel

Beefits to Pensioner Veterans

List of Defence Banking Advisors /Circle Defence Banking Advisors

Defence Banking Advisors
LocationArea of OperationNameContact No.E-Mail Address
1New DelhiDBA (Army) – PAN IndiaLt Gen Vinod Vashisht, AVSM, VSM & Bar (Retd)
2New DelhiDBA (Navy) – PAN IndiaRear Admiral Rajesh Singh (Retd)
3New DelhiDBA (Air Force) – PAN IndiaAir Vice Marshal Atul Kumar Singh, AVSM, VSM (Retd)
4New DelhiAdvisor (Central Armed Police Force) – PAN IndiaShri Arun Kumar, IPS (Retd)
  Circle Defence Banking Advisors
Ser NoLocationArea of OperationNameContact No.E-Mail Address
1KolkataWest Bengal, Bihar, Jharkhand, Odisha, Sikkim, Andaman & Nicobar IslandsMaj Gen Ananta Bhuyan, SM (Retd)
2LucknowUttar Pradesh, Madhya Pradesh, ChhattisgarhMaj Gen Rajiv Srivastava (Retd)
3PuneMaharashtra, Gujarat, GoaMaj Gen Arup Kumar Sasmal, AVSM (Retd)
4ChandigarhPunjab, Haryana, Himachal Pradesh, Jammu & Kashmir, Ladakh, ChandigarhMaj Gen Rajiv Mishra, VSM (
5GuwahatiNorth Eastern StatesMaj Gen Dinesh Sharma, AVSM, VSM (Retd)
6BangaloreKarnataka, Kerala, Telangana, Andhra Pradesh, Tamil NaduMaj Gen Ramchandra Nagraj, AVSM, VSM (Retd)
7HyderabadTelengana, Andhra Pradesh, Tamil NaduMaj Gen Rajesh Chopra, AVSM (Retd)
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