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DICGC BILL 2021
Banks pitch higher deposit cover for senior citizensBanks have requested the RBI to increase the deposit insurance cover for senior citizens and reduce the premium for insuring other retail d...- Depositors of 21 failed cooperative banks including PMC to get deposit insurance coverBanks have been asked to submit claims latest by October 15 and update the position as on November 29, 2021 along with principal and intere...
- By November 30, depositors of moratorium banks will get up to Rs 5 lakh: Here’s howEven depositors of banks that are already under moratorium by the RBI before the amendments were made will be eligible to get their money b...
- Depositors of stressed banks to get up to Rs five lakh back from November 30The government has notified September 1, 2021 as the date on which the provisions of the Act shall come into force, according to a gazette ...
- Parliament passes Deposit Insurance and Credit Guarantee Corporation amendment billFinance Minister Nirmala Sitharaman, in her brief statement, said the legislation will benefit small depositors, including those of the Pun...
- Bill cleared to allow bank depositors to get up to Rs 5 lakh refund within 90 days under DICGC insuranceDuring a debate regarding the DICGC bill in the Rajya Sabha, it was clarified by the finance minister that PMC Bank depositors will also ge...
- Bank depositors to get up to Rs 5 lakh refund within 90 days under DICGC insuranceThis move is expected to cover around 98.3% of total number of accounts and 50.9% of the value of total deposits held with the banks
- Full text of FM Nirmala Sitharaman's Budget speech"In May 2019, Prime Minister Modi received a massive mandate to form the government again."
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