Archive · 14 Jan 2026
DFS Launches Salary Package for Central Government Employees
The Department of Financial Services (DFS) has introduced a new salary account package for central government employees.
This package combines banking, insurance, and card services into one account.
It offers features like zero-balance accounts, free money transfers, and various insurance covers.
Employees can also enjoy benefits like airport lounge access and cashback rewards.
The DFS wants banks to tell everyone about this package and help employees switch to it.
This initiative supports the government's goals for a developed India by 2047 and insurance for all by the same year.
DFS launched a composite salary account package for central government employees, integrating banking, insurance, and card services.
The package includes zero-balance salary accounts, free fund transfers, concessional loans, and family banking benefits.
Insurance coverage includes personal accident, air accident, disability, term life, and health insurance.
Digital and card benefits include airport lounge access, rewards, cashback, and no maintenance charges.
DFS advised public sector banks to publicize the package and facilitate the migration of existing salary accounts with employee consent.
- Who
- Department of Financial Services (DFS), Ministry of Finance
- What
- Launch of Composite Salary Account Package for central government employees
- When
- Not specified
- Where
- India
- Why
- To provide consolidated banking, insurance, and card services under a single account, aligned with government visions
- Initiative
- Composite Salary Account Package
- Target Group
- Central Government Employees (Group A, B, and C)
- Core Segments
- Banking, Insurance, Card Services
- Banking Features
- Zero-balance salary accounts, free fund transfers, concessional loans, locker rental waivers, family banking
- Insurance Coverage
- Personal accident, air accident, disability, term life, health insurance
- Digital and Card Benefits
- Airport lounge access, rewards, cashback, unlimited transactions, no maintenance charges
- Government Vision
- Viksit Bharat 2047, Insurance for All by 2047
- DFS Advisory
- Publicize package, awareness campaigns, facilitate migration with consent
Sources
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