In the context of banking, DSP most commonly stands for Defence Salary Package. This is a specialized banking service offered to military personnel, providing benefits such as zero-balance accounts and free transactions. Several banks, such as SBI (State Bank of India), offer this type of package. The specific features may vary depending on the bank offering the service.
The provided references highlight examples of DSP in the context of salary accounts for defense personnel. For instance, the SBI link shows that their Defence Salary Package offers benefits such as a zero-balance account and unlimited free transactions at any ATM in India. Other references mentioning DSP are unrelated to banking; they refer to different acronyms, such as "DSP Mutual Fund" (a financial services company) or "Amazon DSP" (a demand-side platform for advertising).
Therefore, while the acronym "DSP" may have other meanings, in the banking sector, its most relevant full form is Defence Salary Package.
- Key features of a Defence Salary Package (DSP) may include:
- Zero balance account maintenance
- Unlimited free transactions
- ATM access across various banks
