BENEFITS OF DSP ACCOUNT OF BANK OF BARODA FOR ARMED FORCES PERSONNEL - Government Staff

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December 27, 2020

BENEFITS OF DSP ACCOUNT OF BANK OF BARODA FOR ARMED FORCES PERSONNEL

Salary and Pension Solutions for Indian Military Personnel

       Benefits of BOB DSP Account 


  • Free Personal Accident Insurance – Death & Permanent Total Disability cover of upto Rs. 50 Lakhs#
  • Personal Accident Insurance covering age between 18-70 years
  • Air Accidental Insurance Cover up to Rs. 100.00 Lakhs
  • Free-Unlimited transactions at all Bank ATMs
  • Overdraft facility available*
  • 100% waiver in processing charges on Home loan, Auto Loan, Education Loan, Mortgage Loans and Personal Loan#
  • Higher Education Cover to wards of defence personnel upto 10% of Base PAI cover
  • Girl Child Marriage Cover (18-25 years) upto 10% of Base PAI Cover

# T&C Apply

*subject to approval as per extant guidelines of Bank

Bank of Baroda has entered into an agreement with Indian Army, Indian Navy and Indian Coast Guards for new and customized banking experience for serving and retired personnel. The highlights of this MoU is Free Personal Accident Insurance - Death & Permanent Total and Permanent Partial Disability cover of upto Rs. 50 Lakhs applicable for active and retired defence personals of with Indian Army, Indian Navy and Indian Coast Guards up to the age of 70 yrs. Salary Accounts are to be opened and maintained under the new salary scheme code SB186.

Key benefits

  • All Salary Bands covered for equal amount
  • Attractive waives on service charges.
  • Active operations covered for serving personnel.
  • Lifetime free Credit Card subject to eligibility criteria.
  • Discount on Depository Services/Demat AMC upto 100%
  • Discount on Locker’s rental.

For more details on Salary Accounts,

please e-mail us at: liabilities.corp.bcc@bankofbaroda.com
For pension accounts: cppc.delhi@bankofbaroda.com

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