DFS Composite Salary Account Package for Central Employees
Why in the news
The Department of Financial Services rolled out a bundled salary account offer that joins banking, insurance and card advantages for central staff.
Key facts
- Launch date: 14 January 2026; launched by M. Nagaraju, Secretary, DFS.
- Target group: Central Government employees (Group A, B and C).
- Purpose: a one-stop financial solution improving security, convenience and lifestyle perks.
| Benefit type | Features |
|---|---|
| Banking | Zero-balance salary account, unlimited transactions, no maintenance charges; concessional rates on housing, education, vehicle and personal loans |
| Insurance | Personal accident cover Rs 1.5 crore; air accident cover Rs 2 crore |
| Cards and lifestyle | Premium debit and credit cards, airport lounge access, cashback and reward programmes |
Exam angle
- Launching department: DFS.
- Account type: zero-balance salary account.
- Cover amounts: Rs 1.5 crore (personal accident), Rs 2 crore (air accident).