Government's big decision on bank deposit insurance
PM Modi said that today is a very important day for the country, for the banking sector, and for crores of bank account holders of the country.
Dec 12, 2021, 15:38 PM IST
DICGC Amendment Bill gets Cabinet approval, up to 5 lakhs to remain safe in case of banks shut
The Union Cabinet on Wednesday approved the Deposit Insurance and Credit Guarantee Corporation Bill, 2021, which proposes to provide relief to small depositors by providing guarantees on their life savings. According to Finance Minister Nirmala Sitharaman, the bill will increase the sum insured in both principal and interest on bank deposits of each depositor to Rs 5 lakh.
Jul 29, 2021, 09:56 AM IST
FRDI contemplating increase in deposit insurance cover: Report
The report said that data on Cross Country Deposit insurance Coverage limit shows that Deposit insurance coverage in India is one of the lowest at Rs 1 lakh/USD 1508 /0.9 times India's per capita income.
Dec 14, 2017, 19:35 PM IST
Reserve Bank of India to increase insurance cover on deposits
Reserve Bank of India will soon increase insurance cover on bank deposits.
Sep 12, 2015, 09:54 AM IST
