Salary Account Package 2026
A Standardized Unified Solution for Central Government Employees Across 12 Public Sector Banks
The Department of Financial Services (DFS), Ministry of Finance, launched a standardized Salary Account Package on January 14, 2026. This framework integrates Banking, Insurance, and Cards into a single-window solution, offering employees in Group A, B, and C cadres industry-leading financial security and benefits.
Master Comparison Table: Group A (Level 10+)
| Public Sector Bank | PA Death (Free) | Air Accident (Free) | Term Life (Free) | Max Overdraft Facility |
|---|---|---|---|---|
| Bank of India | Rs. 200 Lakh | Rs. 200 Lakh | Rs. 15 Lakh | 6 Months Salary |
| Punjab National Bank | Rs. 150 Lakh | Rs. 300 Lakh | Rs. 12 Lakh | Rs. 100 Lakh |
| Union Bank of India | Rs. 150 Lakh | Rs. 200 Lakh | Rs. 20 Lakh | Rs. 5 Lakh |
| State Bank of India | Rs. 130 Lakh (Royale) | Rs. 190 Lakh (Royale) | Rs. 20 Lakh (Royale) | Rs. 35 Lakh |
| Indian Bank | Rs. 150 Lakh | Rs. 150 Lakh | Rs. 20 Lakh | Rs. 3 Lakh |
| Canara Bank | Rs. 150 Lakh | Rs. 150 Lakh | Rs. 20 Lakh | Rs. 2 Lakh |
| Bank of Baroda | Rs. 150 Lakh | Rs. 150 Lakh | Rs. 15 Lakh | Rs. 3 Lakh |
| Bank of Maharashtra | Rs. 150 Lakh | Rs. 150 Lakh | Rs. 16 Lakh | Rs. 5 Lakh |
| UCO Bank | Rs. 150 Lakh | Rs. 150 Lakh | Rs. 10 Lakh | Rs. 5 Lakh |
| Central Bank of India | Rs. 150 Lakh | Rs. 150 Lakh | Rs. 15 Lakh | Rs. 2 Lakh |
| Indian Overseas Bank | Rs. 125 Lakh | Rs. 125 Lakh | Rs. 10 Lakh | 3 Months Salary |
| Punjab & Sind Bank | Rs. 120 Lakh | Rs. 180 Lakh | Rs. 11 Lakh | Rs. 10 Lakh |
Bank-Wise Offerings & Official Links
Bank of India (BOI Elite Salary)
- Insurance: Rs. 200 Lakh Personal Accident Death cover for Group A & B.
- Term Life: Free cover of Rs. 15 Lakh for Group A & B, Rs. 10 Lakh for Group C.
- Overdraft: Up to 6 months gross salary (Maximum Rs. 10 Lakh).
- Add-ons: Rs. 10 Lakh for child education (2 kids) and girl child marriage.
Punjab National Bank (Rakshak Plus)
- Air Accident Cover: Industry-high Rs. 300 Lakh for Group A employees.
- Overdraft Facility: Instant facility up to Rs. 100 Lakh.
- Add-on: Child higher education cover up to Rs. 24 Lakh for 2 children.
- Locker: 100% concession for the first year.
State Bank of India (CGSP)
- Royale Variant: Rs. 130 Lakh PAI and Rs. 20 Lakh Free Term Life.
- Standard CGSP: Rs. 100 Lakh PAI and Rs. 10 Lakh Free Term Life.
- Overdraft: Facility up to Rs. 35 Lakh for all eligible cadres.
- Loans: Concessional interest rate up to 2.50% reduction on Personal Loans.
Union Bank of India (CGE Account)
- Term Life Cover: Free Rs. 20 Lakh for Group A & B cadres.
- Specialized Benefit: Plastic surgery cover up to Rs. 2 Lakh.
- Hospital Cash: Daily cash up to Rs. 3500 for a maximum of 30 days.
- Overdraft: Facility up to Rs. 5 Lakh for Group A members.
Indian Bank
- Term Life Insurance: Rs. 20 Lakh free for Group A & B employees.
- Family support: Girl child marriage/Higher education cover up to Rs. 15 Lakh.
- Health: Digital health consultations for holder and 4 family members.
- Remittances: Unlimited free NEFT, RTGS, and UPI transactions.
Canara Bank
- Term Life Cover: Rs. 20 Lakh (Group A employees).
- Insurance: Rs. 150 Lakh Personal Accident Death for Group A.
- Wellness: Free health checkup and pathology discounts for family.
- Add-on: Child education and marriage covers up to Rs. 55.50 Lakh.
Bank of Baroda (BOB Central)
- Life Cover: Rs. 15 Lakh free term life insurance for Group A.
- Insurance: Rs. 150 Lakh Personal Accident Death (A).
- Special: Marriage cover for daughter up to Rs. 15 Lakh (A).
- Practo Benefit: Unlimited tele-consultations for family.
Bank of Maharashtra (CG Pride)
- Life Insurance: Free cover of Rs. 16 Lakh (Group A).
- Insurance: Rs. 150 Lakh PAI and Air Accident cover (A).
- Overdraft: Facility up to 5 times net salary (Max Rs. 5 Lakh).
- Benefit: Baggage insurance cover up to Rs. 1 Lakh.
UCO Bank
- PAI Cover: Rs. 150 Lakh (A), Rs. 120 Lakh (B), Rs. 100 Lakh (C).
- Spouse Benefit: Free accidental death cover for spouse (Rs. 5 Lakh).
- Loan Perk: Personal Loan ROI reduced by 1.00%.
- Wellness: Culfit gym sessions and specialized wellness bundle.
Central Bank of India (Cent Prestige)
- Hospital Cash: Rs. 2000 per day for Group A (Max Rs. 60,000).
- Insurance: Rs. 150 Lakh PAI and Air Accident coverage (Group A).
- Locker: High rental concessions for Group A employees.
- Lounge: Up to 3 International lounge visits every year.
Indian Overseas Bank (IOB Special)
- PAI & Air Cover: Rs. 125 Lakh for Group A members.
- Term Life: Free Rs. 10 Lakh cover for Group A employees.
- Overdraft: Up to 3 months gross salary for Group A.
- Banking: Unlimited free NEFT, RTGS, and UPI transactions.
Punjab & Sind Bank
- Operational Cover: Rs. 100 Lakh Anti-terrorist/Naxal operations cover.
- Cyber Cover: Annual digital fraud insurance of Rs. 25,000.
- Air Accident: Rs. 180 Lakh coverage for Group A members.
- Education: Child education cover up to Rs. 24 Lakh.
Category Rankings: Selecting the Best Bank
🛡️ Top Insurance Coverage
🥇 Bank of India: Rs. 200 Lakh PAI Cover
🥈 PNB: Rs. 300 Lakh Air Accident Cover
🥉 Union/SBI/Indian/Canara: Rs. 20L Term Life
💸 Best Overdraft Facility
🥇 PNB: Up to Rs. 100 Lakh Limit
🥈 SBI: Up to Rs. 35 Lakh Limit
🥉 Bank of India: 6 Months Salary OD
🏠 Highest Loan ROI Savings
🥇 Bank of India: 2.75% ROI Reduction (PL)
🥈 SBI: 2.50% ROI Reduction (PL)
🥉 UCO Bank: 1.00% ROI Reduction (PL)
For complete official policy details, visit the Department of Financial Services (DFS) Website.
Disclaimer: This article is for educational and informational purposes only. Data is based on official DFS circulars (D.O. No. 9/9/10/2025-IR) and bank brochures. Employees should verify all terms directly with their bank branch before making financial commitments. govtemployeeshub.com bears no liability for data discrepancies.
Are you a Central Government Employee?
Don’t stay in the dark! Vital updates on Service Rules, Pension policies, and your career are happening right now.
Add as Preferred Source on Google
Follow us to ensure our latest exclusive reports appear first in your Google Search and Discover feed.
Comments
Post a Comment