Finance Ministry Launches Composite Salary Package to Boost PSU Banks' Savings Accounts

The Department of Financial Services, Ministry of Finance, inaugurated a Composite Salary Package Accounts Opening Camp at Kartavya Bhavan to enhance banking outreach among central government employees. Organized by SBI and Canara Bank with participation from 12 public sector banks, the initiative aims to improve savings account balances amid pressure on current account savings accounts (CASA). Officials highlighted benefits for employees and banks, including added security and investment products, and cited cases like a Rs 1 crore claim settlement under the Railway Salary Package.