Below is a ONE-PAGE PRINTABLE SUMMARY of the
Composite Salary Account Package for Central Government Employees
(Designed to fit on a single A4 page)
COMPOSITE SALARY ACCOUNT PACKAGE
For Central Government Employees (India)
Launched by
Department of Financial Services (DFS), Ministry of Finance
in collaboration with Public Sector Banks (PSBs)
1. What is it?
The Composite Salary Account Package is a special salary banking package for Central Government employees.
It integrates salary account + insurance protection + card benefits into one comprehensive package.
2. Eligibility
✔ All regular Central Government employees
✔ Applicable to Group A, B & C
✔ Employees of Central Ministries, Departments, Attached & Subordinate Offices
✔ Existing salary accounts can be migrated to this package with consent
3. Key Benefits
A. Banking Benefits
Zero-balance salary account
Free NEFT / RTGS / UPI transactions
Free cheque book & standard banking facilities
Concessions on service charges and locker rent
Preferential interest rates & reduced processing fees on:
Home Loan
Vehicle Loan
Education Loan
Personal Loan
B. Insurance Benefits (coverage limits may vary by bank)
Personal Accident Insurance
Air Accident Insurance
Permanent Total / Partial Disability Cover
Term Life Insurance (base cover with optional enhancement)
Optional health insurance for self & family
Insurance benefits remain active as long as salary is regularly credited.
C. Debit / Credit Card Benefits
Enhanced debit card transaction limits
Credit card eligibility with relaxed norms
Reward points / cashback offers
Airport lounge access (as per card variant)
Nil or concessional card charges
4. How to Open the Account
Choose a Public Sector Bank (SBI, Bank of Baroda, Union Bank, Canara Bank, PNB, etc.)
Apply through:
Nearest bank branch, or
Bank's official website, or
Salary account drive at office
Submit documents:
Aadhaar, PAN
Address proof (if required)
Salary slip / Appointment letter
Photograph & KYC form
Ensure regular monthly salary credit to retain benefits
5. Important Notes
The package is optional, not mandatory
Benefits may vary slightly from bank to bank
If salary is not credited for 2–3 months, the account may convert to a normal savings account
On retirement/resignation, the account is converted into a regular savings account
6. Why it Matters
✔ One account for salary, banking & insurance
✔ Improved financial security at no extra cost
✔ Uniform salary account framework across PSBs
✔ Convenience, protection & preferential banking benefits
(End of One-Page Summary)
If you wish, I can also provide this as a PDF file or with a bank-wise comparison table.
3 comments:
Bryson, Bill: A Short History of Nearly Everything: The bestselling popular science book of the 21st Century: Transworld: To begin with, for you to be here now trillions of drifting atoms had somehow to assemble in an intricate and curiously obliging manner to create you. It’s an arrangement so specialized and particular that it has never been tried before and will only exist this once. For the next many years (we hope) these tiny particles will uncomplainingly engage in all the billions of deft, co-operative efforts necessary to keep you intact and let you experience the supremely agreeable but generally under appreciated state known as existence. Why atoms take this trouble is a bit of a puzzle. Being you is not a gratifying experience at the atomic level. For all their devoted attention, your atoms don’t actually care about you – indeed, don’t even know that you are there. They don’t even know that they are there. They are mindless particles, after all, and not even themselves alive. (It is a slightly arresting notion that if you were to pick yourself apart with tweezers, one atom at a time, you would produce a mound of fine atomic dust, none of which had ever been alive but all of which had once been you.) Yet somehow for the period of your existence they will answer to a single rigid impulse: to keep you you. The bad news is that atoms are fickle and their time of devotion is fleeting – fleeting indeed. Even a long human life adds up to only about 650,000 hours. And when that modest milestone flashes into view, or at some other point thereabouts, for reasons unknown your atoms will close you down, then silently disassemble and go off to be other things. And that’s it for you. Still, you may rejoice that it happens at all. Generally speaking in the universe it doesn’t, so far as we can tell. This is decidedly odd because the atoms that so liberally and congenially flock together to form living things on Earth are exactly the same atoms that decline to do it elsewhere. Whatever else it may be, at the level of chemistry life is fantastically mundane: carbon, hydrogen, oxygen and nitrogen, a little calcium, a dash of sulphur, a light dusting of other very ordinary elements – nothing you wouldn’t find in any ordinary pharmacy – and that’s all you need. The only thing special about the atoms that make you is that they make you. That is, of course, the miracle of life. Whether or not atoms make life in other corners of the universe, they make plenty else; indeed, they make everythingreproduce, and sufficiently blessed by fate and circumstances to live long enough to do so. Not one of your pertinent ancestors was squashed, devoured, drowned, starved, stuck fast, untimely wounded or otherwise deflected from its life’s quest of delivering a tiny charge of genetic material to the right partner at the right moment to perpetuate the only possible sequence of hereditary combinations that could result – eventually, astoundingly, and all too briefly – in you.
HOW TO BUILD A UNIVERSE: No matter how hard you try you will never be able to grasp just how tiny, how spatially unassuming, is a proton. It is just way too small. A proton is an infinitesimal part of an atom, which is itself of course an insubstantial thing. Protons are so small that1 a little dib of ink like the dot on this ‘i’ can hold something in the region of 500,000,000,000 of them, or rather more than the number of seconds it takes to make half a million years. So protons are exceedingly microscopic, to say the very least. Now imagine if you can (and of course you can’t) shrinking one of those protons down to a billionth of its normal size into a space so small that it would make a proton look enormous. Now pack into that tiny, tiny space about an ounce of matter. Excellent. You are ready to start a universe. I’m assuming of course that you wish to build an inflationary universe. If you’d prefer instead to build a more old-fashioned, standard Big Bang universe, you’ll need additional materials. In fact, you will need to gather up everything there is – every last mote and particle of matter between here and the edge of creation – and squeeze it into a spot so infinitesimally compact that it has no dimensions at all. It is known as a singularity. In either case, get ready for a really big bang. Naturally, you will wish to retire to a safe place to observe the spectacle. Unfortunately, there is nowhere to retire to because outside the singularity there is no where. When the universe begins to expand, it won’t be spreading out to fill a larger emptiness. The only space that exists is the space it creates as it goes. It is natural but wrong to visualize the singularity as a kind of pregnant dot hanging in a dark, boundless void. But there is no space, no darkness. The singularity has no around around it. There is no space for it to occupy, no place for it to be. We can’t even ask how long it has been there – whether it has just lately popped into being, like a good idea, or whether it has been there for ever, quietly awaiting the right moment. Time doesn’t exist. There is no past for it to emerge from. And so, from nothing, our universe begins. In a single blinding pulse, a moment of glory much too swift and expansive for any form of words, the singularity assumes heavenly dimensions, space beyond conception. The first lively second (a second that many cosmologists will devote careers to shaving into ever-finer wafers) produces gravity and the other forces that govern physics. In less than a minute the universe is a million billion miles across and growing fast. There is a lot of heat now, 10 billion degrees of it, enough to begin the nuclear reactions that create the lighter elements – principally hydrogen and helium, with a dash (about one atom in a hundred million) of lithium. In three minutes, 98 per cent of all the matter there is or will ever be has been produced. We have a universe. It is a place of the most wondrous and gratifying possibility, and beautiful, too. And it was all done in about the time it takes to make a sandwich. When this moment happened is a matter of some debate. Cosmologists have long argued over whether the moment of creation was ten billion years ago or twice that or something in between. The consensus seems to be heading for a figure of about 13.7 billion years, but these things are notoriously difficult to measure, as we shall see further on. All that can really be said is that at some indeterminate point in the very distant past, for reasons unknown, there came the moment known to science as t = 04. We were on our way.
Incidentally, disturbance from cosmic background radiation is something we have all experienced. Tune your television to any channel it doesn’t receive and about 1 per cent of the dancing static you see is accounted for by this ancient remnant of the Big Bang. The next time you complain that there is nothing on, remember that you can always watch the birth of the universe. Although everyone calls it the Big Bang, many books caution us not to think of it as an explosion in the conventional sense. It was, rather, a vast, sudden expansion on a whopping scale. So what caused it? One notion is that perhaps the singularity was the relic of an earlier, collapsed universe – that ours is just one of an eternal cycle of expanding and collapsing universes, like the bladder on an oxygen machine. Others attribute the Big Bang to what they call ‘a false vacuum’ or ‘a scalar field’ or ‘vacuum energy’ – some quality or thing, at any rate, that introduced a measure of instability into the nothingness that was. It seems impossible that you could get something from nothing, but the fact that once there was nothing and now there is a universe is evident proof that you can. It may be that our universe is merely part of many larger universes, some in different dimensions, and that Big Bangs are going on all the time all over the place. Or it may be that space and time had some other forms altogether before the Big Bang – forms too alien for us to imagine – and that the Big Bang represents some sort of transition phase, where the universe went from a form we can’t understand to one we almost can. ‘These are very close to religious questions,’ Dr Andrei Linde, a cosmologist at Stanford, told the New York Times in 2001. The Big Bang theory isn’t about the bang itself but about what happened after the bang. Not long after, mind you. By doing a lot of maths and watching carefully what goes on in particle accelerators, scientists believe they can look back to 10−43 seconds after the moment of creation, when the universe was still so small that you would have needed a microscope to find it. We mustn’t swoon over every extraordinary number that comes before us, but it is perhaps worth latching onto one from time to time just to be reminded of their ungraspable and amazing breadth. Thus 10−43 is 0.0000000000000000000000000000000000000000001, or one ten million trillion trillion trillionths of a second.fn1 Most of what we know, or believe we know, about the early moments of the universe is thanks to an idea called inflation theory first propounded in 1979 by a junior particle physicist then at Stanford, now at MIT, named Alan Guth. He was thirty-two years old and, by his own admission, had never done anything much before. He would probably never have had his great theory except that he happened to attend a lecture on the Big Bang given by none other than Robert Dicke. The lecture inspired Guth to take an interest in cosmology, and in particular in the birth of the universe. The eventual result was the inflation theory, which holds that a fraction of a moment after the dawn of creation, the universe underwent a sudden dramatic expansion. It inflated – in effect ran away with itself, doubling in size every 10−34 seconds. The whole episode may have lasted no more than 10−30 seconds – that’s one million million million million millionths of a second –
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