SBI signs MoU with Border Security Force to offer curated benefits through CAPSP Scheme

• The State Bank of India (SBI) has signed a Memorandum of Understanding (MoU) with the Border Security Force (BSF) to provide solutions for financial security to BSF personnel through the Central Armed Police Salary Package (CAPSP) Scheme.
• The MoU will offer bouquet of benefits to the serving security forces, retired personnel as well as family pensioners
• These may include complimentary Personal and Air Accidental Insurance (Death) cover, additional cover in case of on-duty death, and Permanent Total Disability / Partial Disability cover, support in child education and the marriage of girl children of deceased BSF personnel among other benefits.

Points to Remember:

1. Which bank has inked MoU with BSF to provide financial benefits under Central Armed Police Salary Package (CAPSP) Scheme?
2. Central Armed Police Salary Package (CAPSP) Scheme has been launched by which bank for Armed Force?

Source: LiveMint