Law Notify, January 15, 2026 : The Department of Financial Services on Tuesday rolled out a composite salary account package for Central Government employees in collaboration with Public Sector Banks. The Finance Ministry said the initiative aligns with the government’s long-term vision of Viksit Bharat 2047 and its commitment to achieving insurance coverage for all citizens by 2047.
According to the Ministry, the new package is designed as a single, seamless salary account offering a wide range of banking and insurance benefits. The product is structured around three key components: banking services, insurance coverage, and card-based benefits. Officials said the unified framework aims to serve as a one-stop financial solution that brings together everyday banking needs and financial protection for Central Government employees.
The salary account packages have been developed in close consultation with participating banks to ensure broad coverage, consistency, and ease of use. They cater to employees across Group A, Group B, and Group C cadres, with the objective of providing uniform access to modern banking services and comprehensive insurance benefits through a single-window system.
All Central Government employees have been encouraged to avail themselves of the scheme through their existing salary accounts with Public Sector Banks. The package was formally launched by DFS Secretary M. Nagaraju. The event was attended by the Chairman of State Bank of India, along with managing directors and chief executive officers of nationalised banks and senior officials of the Department of Financial Services.
