On the 79th Independence Day, State Bank of India (SBI) announced a special personal loan scheme for Agniveers. The scheme is for those with salary accounts at SBI and offers loans of up to ₹4 lakh without collateral.
Thank you for reading this post, don't forget to subscribe!The repayment tenure will match the duration of the Agnipath recruitment program. Until September 30, 2025, defense personnel are being offered a flat interest rate of 10.50%.
The initiative is an extension of SBI’s Defence Salary Package, which provides a range of benefits including:
- Zero-balance accounts
- Free international gold debit cards
- Waiver of annual maintenance charges on debit cards
- Unlimited free ATM transactions at SBI ATMs nationwide
- Personal accident insurance of ₹50 lakh
- Air accident insurance of ₹1 crore
- Permanent disability coverage of up to ₹50 lakh
As of June 2025, SBI, India’s largest bank, had a deposit base of ₹54.73 lakh crore and advances of ₹42.54 lakh crore. The bank operates 22,980 branches, 62,200 ATMs/ADWMs, and over 76,800 BC outlets across India.
