The Government of India 🇮🇳 has launched a special Salary (Service) Account Package for Central Government Employees, offering enhanced banking facilities, insurance protection, and card benefits.
This initiative has been introduced by the Department of Financial Services (DFS), Ministry of Finance, and has come into effect from 14 January 2026 through all 12 Public Sector Banks (PSBs) Service Account Benifits.
This service account acts as a one-stop financial solution 💼 for employees working in different Ministries and Departments.
📌 What Is the Central Government Service (Salary) Account?
The Service Account, also known as the Salary Account Package, is a specially designed banking account for Central Government employees.
It integrates banking 🏦, insurance 🛡️, and card 💳 benefits into a single package to provide maximum financial security and convenience.
🎯 Main Objectives:
- Better banking services
- Improved financial protection
- Uniform benefits across all PSBs
💰 Key Banking Benefits of Service Account
Employees opening this account can enjoy the following banking advantages:
✅ Zero-balance salary account
✅ Free remittances – RTGS / NEFT / UPI / Cheque Book
✅ Concessional interest rates on:
- 🏠 Home Loan
- 🎓 Education Loan
- 🚗 Vehicle Loan
- 💳 Personal Loan
✅ Waiver of locker rent
✅ No loan processing charges
These benefits help employees save money and access credit easily.
🛡️ Insurance Benefits for Employees & Family
One of the biggest highlights of the service account is its strong insurance coverage:
🔹 Personal Accident Insurance – up to ₹1.50 Crore
🔹 Air Accident Insurance – up to ₹2.00 Crore ✈️
🔹 Permanent Total & Partial Disability Cover – up to ₹1.50 Crore
🔹 Term Life Insurance – up to ₹20 Lakh
🔹 Option for additional insurance top-up
This ensures long-term financial protection for employees and their families 👨👩👧👦.
🏥 Health Insurance Benefits
The package also provides health security through:
❤️ Comprehensive Health Insurance for self and family
❤️ Base health plan with additional top-up facility
This reduces medical expenses and provides peace of mind during emergencies.
💳 Debit & Credit Card Benefits
Employees will also receive:
✨ Enhanced Debit Card benefits
✨ Improved Credit Card facilities
(Exact features may vary slightly depending on the selected PSB.)
🏢 On-Site Account Opening & Bank Choice
To make enrollment easier, banks have been advised to:
📍 Organize on-site facilitation camps in offices
📍 Assist employees in account opening and documentation
👉 Employees can choose any one of the 12 Public Sector Banks based on their preference while opening the service account
⭐ Why This Service Account Is Important?
This employee-friendly initiative ensures:
✔️ Financial security
✔️ Easy access to loans
✔️ Insurance protection
✔️ Hassle-free banking
✔️ Equal benefits across banks
It reflects the government’s commitment to employee welfare 👏.
🔗 Where to Get More Details?
Complete bank-wise details of the Central Government Salary Account Package are available on the official DFS website. Employees are encouraged to attend facilitation camps or contact their preferred PSB for enrollment information
