Central Govt Employees Get New Composite Salary Account: Loans, Insurance, Cards in One Place

• Central government introduces a new composite salary account package for Group A, B, and C employees.
• The account offers zero-balance facility, free RTGS/NEFT/UPI, and no checkbook charges.
• Employees will get concessional interest rates on various loans and discounts on locker rentals.
• Significant insurance cover includes ₹1.5 crore personal accident, ₹2 crore air accident, and ₹20 lakh term life insurance.
• Enhanced debit/credit card benefits like airport lounge access, reward points, and cashback are also included.

Why It Matters: Central government employees now have a comprehensive salary account offering integrated banking, loan, and insurance benefits.