Archive · 15 Jan 2026
DFS Launches Composite Salary Package
The Department of Financial Services (DFS) has launched a new package for central government employees.
This package is called the Composite Salary Account Package.
It is offered in partnership with Public Sector Banks (PSBs) and provides a single-window solution for banking, insurance, and card benefits.
The package includes features like a zero-balance salary account, free money transfers, lower interest rates on loans, and various insurance covers.
It also offers upgraded debit and credit cards with benefits like airport lounge access and cashback.
The goal is to make financial management easier and improve social security for employees.
The Department of Financial Services (DFS) launched the Composite Salary Account Package for central government employees in partnership with Public Sector Banks (PSBs).
The package integrates banking, insurance, and card benefits into a single-window financial solution.
Key banking features include a zero-balance salary account, free remittances, concessional loans, and locker rental waivers.
Insurance features include personal accident, air accident, disability, term life, and health insurance covers.
Digital and card benefits include upgraded debit and credit cards, airport lounge access, rewards, cashback, and unlimited transactions.
- Who
- Central government employees
- What
- Launch of Composite Salary Account Package
- When
- January 17, 2024
- Where
- New Delhi
- Why
- To provide a unified financial solution integrating banking, insurance, and card benefits
- Initiative
- Composite Salary Account Package
- Launch Date
- January 17, 2024
- Beneficiaries
- Central government employees
- Partners
- Public Sector Banks (PSBs)
- Key Features
- Banking, insurance, and card benefits
- Banking Features
- Zero-balance salary account, free remittances, concessional loans, locker rentals waivers
- Insurance Features
- Personal accident, air accident, disability, term life, and health insurance
- Digital and Card Benefits
- Upgraded debit/credit cards, airport lounge access, rewards, cashback, unlimited transactions
Sources
Finmin launches Paripoorna Mediclaim Ayush Bima for CGHS beneficiaries
Paripoorna Mediclaim Ayush Bima: Finance Ministry launches health insurance plan for CGHS beneficiaries — Details
Finance ministry launches Paripoorna Mediclaim Ayush Bima for CGHS
DFS launches composite salary account package for central employees
DFS launches composite salary account package for Central government staff