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:
- 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
- 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.
- 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.
View/Download
the PDF
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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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