COMPOSITE SALARY ACCOUNT PACKAGE FOR CENTRAL GOVERNMENT EMPLOYEES IN ASSOCIATION WITH PUBLIC SECTOR BANKS – UNIFIED SALARY ACCOUNT FRAMEWORK PROVIDES A ONE-STOP FINANCIAL SOLUTION: MINISTRY OF FINANCE

Ministry of Finance

DEPARTMENT OF FINANCIAL SERVICES LAUNCHES COMPOSITE SALARY ACCOUNT PACKAGE FOR CENTRAL GOVERNMENT EMPLOYEES IN ASSOCIATION WITH PUBLIC SECTOR BANKS

UNIFIED SALARY ACCOUNT FRAMEWORK PROVIDES A ONE-STOP FINANCIAL SOLUTION WITH INTEGRATED BANKING AND INSURANCE BENEFITS FOR CENTRAL GOVERNMENT EMPLOYEES

Posted On: 14 JAN 2026 7:28PM by PIB Delhi

The Department of Financial Services (DFS), Ministry of Finance, has taken a significant step towards enhancing the financial well-being and social security of Central Government employees by advising Public Sector Banks to introduce a composite ‘Salary Account Package for Central Government Employees’.

The Salary Account Package has been formally launched today, by Sh. M. Nagaraju, Secretary, Department of Financial Services, Ministry of Finance. The launch event was attended by Chairman SBI, MD & CEOs of all Nationalized Banks, CEO, NPCI through VC and all senior officers of DFS. This initiative is aligned with the Government’s vision of Viksit Bharat 2047 and the national commitment towards Insurance for All by 2047. It seeks to provide Central Government employees with a comprehensive suite of banking and insurance benefits under a single, seamless account structure. The packages have been carefully designed in consultations with banks to ensure maximum coverage, uniformity and convenience for employees across all cadres [Group A, B and C].

The product has three core segments – Banking, Insurance and Cards – making it a one-stop financial solution for employees. The key features of the Composite Salary Account Package are:

1. Banking Facilities
• Zero-balance salary account with enhanced facilitates
• Free remittances i.e. RTGS/ NEFT/ UPI along with cheque facilities
• Concessional interest rate on loan for housing, education, vehicle and personal requirements.
• Concession in loan processing charges
• Waivers on locker rental
• Family banking benefits
2. Enhanced Insurance Coverage
• Personal Accident Insurance up to Rs. 1.50 crore
• Air Accident Insurance up to Rs. 2 crores
• Permanent Total & Partial Disability Cover up to Rs. 1.50 crore
• Term Life Insurance – In-built term life insurance protection of up to Rs. 20 lakh, with additional top-up facility to enhance the insurance coverage at an affordable premium.
• Health Insurance – Comprehensive health insurance cover for self and family with a base plan and additional top-up facility to enhance the insurance coverage at an affordable premium.
3. Digital & Card Features
• Enhanced benefits on debit and credit cards
• Airport lounge access, reward programs and cashback offer
• Unlimited transactions & Nil maintenance charges

Complete details of the Composite Salary Account Package are available on the DFS website https://financialservices.gov.in

This initiative ensures that Central Government employees, who form the backbone of public administration, gain access to modern banking services and comprehensive financial protection through a single window solution. By integrating insurance, medical cover and enhanced banking facilities into one composite Salary Account Package, the scheme provides employees with ease of access, financial security and peace of mind.

This reform reflects the Government’s continued commitment to employee’s welfare and financial security, while also strengthening the employee–bank relationship.

DFS has advised Public Sector Banks to widely publicize these products through their official websites, organize special awareness camps in Government Departments, proactively reach out to Central Government employees with detailed product information and facilitate the migration of existing salary accounts to this new package with employees’ consent.

All Central Government employees are encouraged to avail the benefits of this comprehensive scheme through their salary accounts with the Public Sector Banks.

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PARIPOORNA MEDICLAIM AYUSH BIMA FOR CGHS BENEFICIARIES – OPTIONAL HEALTH INSURANCE PLAN COMPLEMENTS EXISTING CGHS FACILITIES

DEPARTMENT OF FINANCIAL SERVICES LAUNCHES PARIPOORNA MEDICLAIM AYUSH BIMA FOR CGHS BENEFICIARIES

THE OPTIONAL HEALTH INSURANCE PLAN COMPLEMENTS EXISTING CGHS FACILITIES BY EXPANDING MEDICAL COVERAGE FOR GOVERNMENT EMPLOYEES

Posted On: 14 JAN 2026 7:26PM by PIB Delhi

The Paripoorna Mediclaim Ayush Bima has been launched by the Department of Financial Services (DFS), Ministry of Finance today for CGHS beneficiaries. It offers cashless facilities, modern treatments and access to a wide network of hospitals.

Eligibility and Coverage: The policy is exclusively available to CGHS beneficiaries with a maximum of six members per policy. It provides indemnity-based in-patient hospitalization coverage within India, with sum insured options of ₹10 Lakh or ₹20 Lakh. Product will have Co-payment component allowing beneficiaries to choose between 70:30 or 50:50 co-sharing between insurance company and the subscribers.

Key Features:

• Room rent is capped at 1% and 2% of Sum Insured per day for Normal Room and ICU respectively.
• A pre-hospitalization coverage for 30 days and post-hospitalization coverage for 60 days is available.
• AYUSH treatments are covered up to 100% of the sum insured for in-patient hospitalization.
• Modern treatment is covered up to 25% of the sum insured, with an optional rider for 100% coverage.
• Cumulative bonus of 10% for every claim-free year, up to a maximum of 100% of sum insured.
• As compared to regular policy, it will be available at a discount of 28% and 42% for 70:30 and 50:50 premium co-sharing, respectively.

This optional health insurance plan will be available as a retail product for all CGHS beneficiaries, with No GST to ensure maximum affordability. Designed to complement existing benefits, this enhanced policy will provide seamless experience, with greater flexibility and expanded access to quality healthcare services across India, thus leading to additional financial security with ease and confidence for all CGHS beneficiaries.

It will be available for purchase via New India Assurance Company Limited’s offices and online platform, shortly.

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