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Deposit insurance News

pm modi in bank deposit insurance pragramme

12 Dec 2021

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.

Nirmala Sitharaman

29 Jul 2021

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.

14 Dec 2017

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.

12 Sep 2015

Reserve Bank of India to increase insurance cover on deposits

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