Efforts of PSBs appreciated by DFS Secretary in developing integrated banking solutions, Urges Central Government employees to actively participate in such camps and avail the benefits of the customised Salary Account Packages

Package encompasses three core segments – Banking, Insurance and Cards – making it a one-stop financial solution for the employees

As part of ‘Salary Account Package for Central Government Employees’ initiative, a Facilitation Camp was organised by Punjab National Bank (PNB) on 17^th February 2026 at the premises of Department of Financial Services, Jeevan Deep building, New Delhi. PNB invited all other Public Sector Banks (PSBs) to participate in the camp in a collaborative manner. The said camp was inaugurated by Shri M. Nagaraju, Secretary, DFS and the MD & CEO of PNB. The camp was graced by all Senior Officers from DFS and the other participating banks.

Speaking at the event, Secretary, DFS, stated that the initiative reflects the Government’s commitment to ensure effective outreach of financial services to Central Government employees. He appreciated the coordinated efforts of PSBs in developing integrated banking solutions and urged Central Government employees to actively participate in the camp and avail the benefits of the customised Salary Account Packages.

As part of the outreach strategy, facilitation camps are being organised in various Government office buildings to create awareness among Central Government employees. PSBs have been assigned as Nodal Banks to coordinate with the concerned Ministries/Departments and ensure participation of other PSBs. PSBs have begun organising facilitation camps across Ministries/Departments and are coordinating with the remaining Ministries/Departments to finalise dates for the camps.

  

The Department of Financial Services (DFS), Ministry of Finance, had launched the ‘Salary Account Package for Central Government Employees’ on 14^th January 2026, in association with all 12 Public Sector Banks (PSBs). The initiative aims to provide enhanced financial security, improved service delivery and greater banking convenience to Central Government employees. The package encompasses three core segments – Banking, Insurance and Cards – making it a one-stop financial solution for the employees. For effective outreach to the Central Government Employees, DFS had advised all PSBs to organised the facilitation camps in various Ministries/Departments. 

The Salary Account Package encompasses three core segments – Banking, Insurance and Cards – making it a one-stop financial solution for employees. The major features of the Package are as under:

• Zero-balance salary account with enhanced facilitates
• Free remittances i.e. RTGS/ NEFT/ UPI and cheque book facilities
• Concession in locker rental and loan processing charges
• Concessional interest rate on housing, education, vehicle and personal loans.
• Personal Accident Insurance (PAI) upto 150 lakh
• Air Accident Insurance (AAI) upto 200 lakh
• Permanent Total & Partial Disability Cover (TPD/PPD) upto 150 lakh
• Life Insurance benefits upto 20 lakh, with optional top-up coverage
• Comprehensive Medical Insurance for self / family with top-up coverage
• Enhanced benefits on Debit & Credit Cards

The initiative reflects the Government’s commitment to strengthening financial protection and service delivery for Central Government employees through coordinated efforts of DFS and Public Sector Banks.

Salary account package expands banking, insurance and card benefits to central government employees through PSB facilitation camps. The Department of Financial Services launched a Salary Account Package for Central Government employees delivered via PSB organised facilitation camps, with PSBs as nodal banks coordinating with Ministries/Departments to ensure participation. The integrated Package covers banking, insurance and cards, offering zero balance accounts, free remittances and cheque facilities, concessions on locker rental and loan processing, concessional loan rates for housing, education, vehicle and personal loans, enhanced card benefits, and layered insurance protections including accident, disability, life and medical cover.