New salary scheme for paramilitary force
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New salary scheme for paramilitary force

Last Updated: Tuesday, October 05, 2010, 15:56
Comments 23  
New Delhi: The government has brought more than eight lakh personnel of paramilitary forces like CRPF, BSF and NSG under a new "charge-free" salary scheme which entitles them to have concessional loans and hassle-free withdrawal of salaries.

Under the new scheme, the spouses of these men and women in uniform will also be provided with a free 'add-on ATM card' which will enable them to withdraw money and carry out financial transactions in the absence of the earning member of the family, posted far away along the border or in the Naxal-hit areas of the country.

The country's largest banker -- State Bank of India -- recently launched a unique paramilitary salary package on the lines of a similar facility for the Armed forces -- Army, Navy and the Air Force.

The new scheme will entitle the paramilitary jawans to enjoy "charge-free" facilities like zero balance account, free ATM-cum-shopping card without an annual maintenance fee and freedom to draw their salaries from the nearest SBI branch or an ATM of any bank, when they are deployed away from their parent units.

"In central paramilitary and police forces, a jawan and officer are not posted at the parent unit or a battalion headquarter often. Under the new scheme, the troops can have free cheque books and ATM cards to draw their salaries at any place," a senior paramilitary officer said.

The scheme was inaugurated by Union Home Minister P Chidambaram on September 29 for forces like Central Reserve Police Force (CRPF), Indo-Tibetan Border Police Force (ITBPF), Central Industrial Security Force (CISF), Border Security Force (BSF), Sashastra Seema Bal (SSB) and the elite National Security Guard (NSG).

The other facilities that can be enjoyed by the troops include free multi-city cheques, free demand drafts, free internet banking, free transfer of money through Real Time Gross Settlement (RTGS) and National Electronic Funds Transfer (NEFT) and concessions in interest rates on home, car and education loans and discount on purchase of gold coins.

The headquarters of the paramilitary forces have also issued orders for conducting awareness camps on these new facilities for jawans and officers at various battalions and company headquarters.

"We want them (force personnel) to avail the benefits of the new service as soon as possible. Senior officials from the forces and experts from the banking sector will be conducting lectures for these facilities," the officer said.

General costumers have to pay a certain service charge for these facilities.

PTI

First Published: Tuesday, October 05, 2010, 15:56

Comments

Ranjana Mohanty - Bhubaneswar
I am a PMSP account holder and I would like to take a personal loan of Rs. 500000/- from SBI. Please intimate Is there any provision for exmption of processing Charge in PMSM account and other benefits and also intimate what document is required.
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MALI SATISH - LATUR
Sir, i am a pmsp a/c holder of SBI Br. Chakur. i want to take personnel loan of Rs.200000/- please inform me about procedure and required documents as well as benifits of loan under PMSP a/c. Thanks sir.
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Biswajit Sheel - Cooch Behar, West Bengal
I am a PMSP accounter holder and would like to take personal loan of Rs.3,00,000/- from SBI Cooch Behar branch.Request tell me am I eligible for this. If eligible then what types of documetns is required for this . It is son urgent please.
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R K MISHRA - GUJRAT
If It is possible to surrender the remaining amount of personnel loan under PMSP facility after deduction of only first instalment
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Ambrish Patel - Salakati Assam
It is very useful scheme. But I don`t know, how to use? I want to take home loan. Please intimate me what`s benifit and what is procedure .
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Revi Kumar.c.m - kollam
pmsp A/C very esey and smothily bank only on sbi
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SAGAR.GANGADHAR.MALI. - GC.CRPF PUNE
THIS SCHEME IS BEST AND GOOD SCHEME FOR THE CRPF(ARMED FORCE) &OTHER PARAMILITARY FORCE
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SAGAR.GANGADHAR.MALI. - GC.CRPF PUNE
THIS SCHEME IS BEST AND GOOD SCHEME FOR THE CRPF(ARMED FORCE) &OTHER PARAMILITARY FORCE
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Mukesh kumar Singh - Jagatdal
Sir, my A/C is converted in PMSP but when I am doing any type of transaction from other banks ATM, then transaction charges will be reduced from my ATM balance
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ANIRBAN ADHIKARY - CHANDIGARH
how many pmsp account opened for one person
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Most liked Comments

D.K.SINGH - CISF UNIT BEGUSARAI (BIHAR)
I am a PMSP account holder and I would like take a personal loan of Rs. 350000/- from SBI. Is there any provision for exmption of processing Charge in PMSM account. Please intimate.



SHIVAJI RAUT - MUMBAI
WHY IT IS NECESSARY TO SUBMIT PAY CERTIFICATE AND SERVICE CERTIFICATE FOR PERSONAL LOAN UNDER PMSP.ACCOUNT



ex inspr (T) B Singh - Delhi
I want to know that the scheem involve ex man of CPMF or totally not