Central Staff Get All-in-One Salary Account: Loans, Insurance, Card Benefits Combined

• The Government launched a new Composite Salary Account Package for central staff, combining banking, insurance, and card benefits.
• Available to Group A, B & C employees, who can upgrade existing accounts through Public Sector Banks.
• Banking benefits include zero-balance account, free RTGS/NEFT/UPI, concessional loan rates, and waived locker rent/loan processing charges.
• Insurance coverage offers up to Rs 1.5 crore personal accident, Rs 2 crore air accident, Rs 1.5 crore disability, and Rs 20 lakh term life insurance.
• Enhanced card benefits include airport lounge access, reward points, cashback, unlimited transactions, and zero maintenance charges.

Why It Matters: Central government employees now have a comprehensive salary account offering extensive banking, insurance, and card perks.