THEBUSINESSBYTES BUREAU
NEW DELHI, FEBRUARY 18, 2026
Punjab National Bank (PNB) hosted a Salary Account Facilitation Camp at
the premises of the Department of Financial Services (DFS), reinforcing the
government’s push to expand tailored financial solutions for Central Government
employees through Public Sector Banks. The initiative brought together senior
policymakers, banking leaders and insurance representatives to streamline
access to comprehensive salary account packages that combine banking
convenience with financial protection.
The gathering was addressed by M. Nagaraju, Secretary, DFS, and Ashok
Chandra, MD&CEO, PNB, and was attended by Shalini Pandit, Joint Secretary,
DFS; Manoj Muttathil Ayyappan, Joint Secretary, DFS; Chandradeep Kumar Jha,
DDG, DFS; and Bibhu Prasad Mahapatra, Executive Director, PNB, along with
senior officials from Public Sector Banks and New India Assurance Company Ltd.
The camp formed part of a broader DFS-led effort to deepen financial inclusion
within government institutions by delivering integrated salary-linked banking,
credit and insurance services directly at workplaces.
All Public Sector Banks have rolled out customised salary packages for
Central Government employees under the DFS initiative, offering a bundled suite
of banking, credit and insurance benefits designed to enhance financial
security for employees and their families. The programme reflects a shift
towards workplace-based financial service delivery, enabling faster onboarding,
simplified documentation and greater product awareness among government staff.
Speaking on the occasion, M. Nagaraju, Secretary, Department of Financial
Services, stated that the initiative reflects the Government’s commitment to
ensuring effective outreach of financial services to Central Government
employees. He appreciated the coordinated efforts of Public Sector Banks in
developing integrated banking solutions and urged Central Government employees
to actively participate in the camp and avail the benefits of the Salary
Account Packages.
Addressing the gathering, Ashok Chandra, MD&CEO, PNB said, “It is our
privilege that all Public Sector Banks have been given an opportunity to offer
comprehensive salary account packages designed to provide convenience,
financial security, insurance protection, and value-added services to central
government employees. This camp reflects PSB’s commitment to delivering
accessible, employee-centric banking solutions in partnership with key
government stakeholders.”
The salary account offerings include personal accidental and air accident insurance cover, term life protection, hospicash benefits, wellness programmes with free annual health check-ups and tele-consultation, as well as instant overdraft facilities and choice account numbers. Employees are also eligible for concessional interest rates on housing, vehicle, education and personal loans, along with lifetime free debit and credit cards bundled with lifestyle, travel and shopping benefits.
The facilitation camp underscores a coordinated, employee-centric approach by DFS and Public Sector Banks to ensure seamless implementation, wider outreach and on-site delivery of banking and insurance services, positioning workplace banking as a key channel for expanding the government’s financial inclusion and social security agenda.
