Tarun Karthick
Campbell Bay, 25 January 2023
On 25th January 2023, the Andaman and Nicobar Police signed a Memorandum of Understanding (MoU) with the State Bank of India for a special Police Salary Package (PSP), to provide better banking services and additional facilities for the police personnel of Andaman and Nicobar Police. The Police Salary Package (PSP) is a package designed for the personnel of the Andaman and Nicobar Police.
The salary accounts of police personnel in SBI were on an individual basis and thus were bereft of the privileges that the other State Police Forces and CAPF enjoyed. By entering into the MOU with SBI, Andaman and Nicobar Police has secured several advantages and benefits for its personnel and their families.
Under this scheme, some of the benefits offered include Personal Accidental Insurance cover (Rs 40 lakhs to Rs 1 crore), Permanent Total and Partial Disability Cover of Rs. 40 lakhs, SBI Rishtey Family Saving Account with benefits for up to 04 family members etc. The package also offers preferential rates of interest on various loans offered by SBI as well as the waiver of annual charges, processing fees etc.
Further, in case of death of the A&N Police personnel, the family of the deceased will be provided with free add-on covers such as expenses on Air Ambulance, cost of child education, marriage of girl child etc.
Several of these benefits will continue even after the superannuation of the employee.
All the benefits as per the MoU will be automatically extended to all A&N Police personnel, who are covered under PSP (Police Salary Package). This initiative has been undertaken as a part of welfare measures for the personnel and families of the Andaman and Nicobar Police.
Such A Very Beneficial Initiative Steps And Family Welfare Measure Has Been Taken By Both Of The Hod’s ie, (Police Dept ANP And SBI ANI) For It’s Staff And Family For Which It Is Very Essential For Them. I’m Very Glad To Heared Of This News And Appreciated!!!