Central Govt Employees Get Rs 2 Cr Insurance, Low-Interest Loans with New Salary Account

• The Department of Financial Services (DFS) launched the 'Composite Salary Account Package' on January 14, 2026, for central government employees.
• The package offers comprehensive banking, insurance, and card facilities through a single zero-balance salary account.
• Key benefits include 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.
• Employees can avail home, education, vehicle, and personal loans at lower interest rates with processing fee exemptions.
• The scheme is available through public sector banks and aims to enhance financial security and simplify banking for approximately 50 lakh employees.

Why It Matters: Central government employees now have access to a comprehensive salary account package offering significant insurance and banking benefits.