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DICGC INSURANCE COVERAGE
FD rate up to 8% for senior citizens investing for three years; Know list of banksSenior citizens can still secure fixed deposit (FD) interest rates up to 8.05% for a three-year term from select small finance banks, with ...25 Apr, 2026, 11.13 AM IST- Are all your bank deposits insured if your bank fails? Can you get insurance for bank deposits above Rs 5 lakh?Recent developments at the IndusInd Bank have left depositors concerned about the safety of their money. The RBI has assured that deposits ...24 Mar, 2025, 06.30 AM IST
- DICGC introduces Daava Soochak for depositors to track claim statusThe Deposit Insurance and Credit Guarantee Corporation (DICGC) has introduced Daava Soochak, an online tool for depositors to track their c...08 Sep, 2024, 03.30 PM IST
- If you hold FDs in two merging banks the insurance of your deposits may halve post-mergerIt is quite a big task when two banks are being merged either forcibly or voluntarily. There has been few cases of bank mergers in India an...16 Dec, 2023, 10.24 AM IST
- What kind of deposits are covered under Deposit Insurance and Credit Guarantee Corporation Act?23 Feb, 2023, 11.31 AM IST
- What percentage of deposits with SBI are fully insured under DICGC?As per the current laws, bank deposits are covered up to Rs 5 lakh per depositor per bank under the DICGC Act, 1961. The limit was raised f...31 Jan, 2022, 04.26 PM IST
- 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...09 Aug, 2021, 01.33 PM IST
- 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 banks29 Jul, 2021, 12.34 PM IST
- 49.1% bank deposits are not under Rs 5 lakh insurance cover: Check if your deposit is protectedAround 4.8 crore accounts do not enjoy the deposit insurance cover offered by Deposit Insurance and Credit Guarantee Corporation (DICGC).27 May, 2021, 06.52 PM IST
- Your deposits with Yes Bank could be insured for more than Rs 5 lakh: Here's whyHow much of an investor's deposits with the bank are insured depends on how the deposits are held i.e. single deposit vs multiple deposits ...12 Mar, 2020, 03.57 PM IST
- Deposits with Yes Bank insured up to Rs 5 lakh but what should salary account holders do?The insurance cover offered by the DICGC covers all the accounts of one depositor held with the same or different branches of the same bank...06 Mar, 2020, 04.58 PM IST
- Just raising deposit cover to Rs 5 lakh won’t helpThis deposit cover increase is a welcome move, but is it enough? No, because it addresses only half the problem.11 Feb, 2020, 09.07 PM IST
- Deposit insurance hike: RBI says not to hit banks balance-sheetsFollowing the failure of a number of cooperative banks, with the city-based PMC Bank being the latest and the largest last year, the budget...07 Feb, 2020, 12.01 AM IST
- Bank deposit insurance hiked to Rs 5 lakh per depositor by Budget 2020Currently, as per the RBI guidelines, deposits with all commercial banks and cooperative banks are insured under the Deposit Insurance and ...02 Feb, 2020, 09.05 AM IST
- Getting to the bottom of deposit insurance in IndiaET explains the role of deposit insurance in India in such a situation.08 Oct, 2019, 09.42 AM IST
- Deposit cover should be doubled: SBI ReportThe current limit for deposit cover in case of a bank failure to repay depositors of Rs one lakh per depositor was last revised in 1993.07 Oct, 2019, 09.33 PM IST
- Get your bank deposits insured & stay assuredUnderstanding the fine print of the bank deposit insurance scheme can help you plan better for any unforeseen event.23 May, 2007, 02.28 AM IST
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