Central Govt Launches All-in-One Salary Account: Up to Rs 2 Crore Insurance, Zero Balance

• The central government introduced a new all-in-one salary account for its employees, offering banking, insurance, and card services on a single platform.
• Employees from Groups A, B, and C can upgrade or switch to this account through public sector banks, simplifying financial needs.
• The account provides zero-balance banking, free RTGS/NEFT/UPI, chequebook, discounted loan interest rates, and reduced locker rentals.
• Robust insurance coverage includes personal accident insurance up to Rs 1.5 crore, air accident insurance up to Rs 2 crore, and term life insurance up to Rs 20 lakh.
• Enhanced card benefits feature airport lounge access, reward points, cashback offers, unlimited transactions, and zero maintenance charges.

Why It Matters: Central government employees now have an all-in-one salary account offering comprehensive banking, insurance, and card benefits.