Department of Financial Services launches Composite Salary Account Package for Central Government Employees in association with Public Sector Banks

• Unified salary account framework launched by Department of Financial Services (DFS), Ministry of Finance with all 12 Public Sector Banks (PSBs) offering integrated banking, insurance and card benefits to Central Government employees.
• Bundles zero-balance salary accounts, personal/air accident cover, term life insurance, and concessional loans into a single product across Group A, B and C employees.
• Examinable for UPSC as a flagship 2026 financial inclusion/employee welfare initiative linking PSBs, NPCI and DFS.