New Year's Gift: Finance Ministry Launches All-in-One Banking & Insurance for Govt Employees

• The Finance Ministry has introduced the "Composite Salary Account Package" for central government employees.
• This scheme offers banking, insurance, and card facilities in a single account.
• Employees will benefit from zero-balance salary accounts, lower interest rates on various loans, and waived processing fees.
• Extensive insurance coverage includes personal accident insurance up to ₹1.50 crore and air accident insurance up to ₹2 crore.
• Debit and credit cards offer enhanced benefits like airport lounge access, rewards, and cashback, with no maintenance charges.

Why It Matters: Central government employees receive a comprehensive package offering integrated banking, insurance, and card benefits.