The Department of Financial Services (DFS), under the Ministry of Finance, has officially rolled out a Composite Salary Account Package specifically designed for Central Government employees. Launched on January 14, 2026, in collaboration with Public Sector Banks, this initiative aims to provide a unified and comprehensive financial solution that integrates banking, insurance, and digital services into a single salary account framework. The package offers a range of enhanced benefits for all Central Government employees, including those in Group A, B, and C cadres. Key banking features include zero-balance salary accounts, free remittances via RTGS, NEFT, and UPI, and cheque facilities. Employees will also benefit from concessional interest rates and reduced processing charges on various loans such as housing, education, vehicle, and personal loans, along with waivers on locker rentals and family banking benefits. A significant highlight of the Composite Salary Account Package is its robust insurance coverage. It provides personal accident insurance up to ₹1.5 crore, air accident insurance up to ₹2 crore, and permanent total or partial disability cover up to ₹1.5 crore. Additionally, some offerings include an in-built term life insurance of up to ₹20 lakh and comprehensive health insurance for employees and their families, with options for top-ups. Digital and card-based services are also enhanced, offering improved benefits on debit and credit cards, including airport lounge access, reward programs, and cashback offers, with unlimited transactions and nil maintenance charges. This move by the DFS is aligned with the Government's broader vision of 'Viksit Bharat 2047' and the commitment towards 'Insurance for All by 2047,' aiming to simplify financial management and bolster the financial well-being and social security of government employees across the nation. The initiative has been widely reported by multiple credible news outlets, including the Press Information Bureau (PIB), The Economic Times, Business Standard, and News On AIR, confirming its accuracy and significance.