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DICGC INSURANCE FOR DEPOSITS
RBI cancels licence of Maharashtra-based The Yashwant Co-op BankThe Reserve Bank of India has cancelled the license of The Yashwant Co-operative Bank, Phaltan, Maharashtra, citing inadequate capital and ...19 May, 2026, 06.18 PM IST- RBI imposes restrictions on Etawah-based Nagar Sahakari Bank for 6 monthsThe Reserve Bank of India has placed restrictions on Etawah-based Nagar Sahakari Bank. Customers can withdraw a maximum of Rs 10,000. The b...18 May, 2026, 06.44 PM IST
- RBI cancels licence of Mumbai-based Sarvodaya Co-operative BankThe Reserve Bank of India has made the tough call to withdraw the license of Sarvodaya Co-operative Bank, a decision rooted in the bank's f...12 May, 2026, 08.53 PM IST
- Post office TD vs PSU bank 5-year FD: Where can you get higher maturity on Rs 2 lakh investment?For a 5-year fixed deposit, the Post Office TD scheme currently offers a higher interest rate compared to most public sector banks' 6%-6.25...11 May, 2026, 02.22 PM IST
- FD rate up to 8.05% for senior citizens investing for five years; Know list of banksFor senior citizens looking to maximize their savings, attractive fixed deposit rates are still within reach. Suryoday Small Finance Bank p...09 May, 2026, 11.43 AM IST
- 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
- RBI cancels licence of Shirpur Merchants' Co-operative BankThe Reserve Bank of India has cancelled the licence of The Shirpur Merchants' Co-operative Bank. This action is due to the bank's insuffici...06 Apr, 2026, 07.16 PM IST
- Over 97% of bank accounts were insured at FY25 endAs of March 2025, the DICGC insured 41.5% of total bank deposits by value, covering ₹100.12 lakh crore. The deposit insurance fund saw a 15...07 Jan, 2026, 12.20 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
- DICGC asks banks to display its logo, QR code on their websites"With a view to enhance the awareness about deposit insurance in a focused and sustained manner and in consultation with the RBI, it has be...16 Jul, 2023, 03.00 PM IST
- RBI cancels Laxmi Co-operative Bank’s licence: Will depositors get their full money back?The Reserve Bank of India (RBI) has canceled the banking licence of Solapur-based Laxmi Co-operative Bank. The bank will cease to provide b...23 Sep, 2022, 02.25 PM IST
- This 110-year-old bank has stopped its operations: What happens to savings account deposits, FD, RDs of customersThe Rupee Cooperative Bank, which has its headquarters in Pune, had its banking license taken away by the Reserve Bank of India (RBI), whic...23 Sep, 2022, 09.43 AM IST
- RBI's deposit insurance arm to pay depositors of two co-operative banks in AugustEligible depositors of Shankarrao Pujari Nutan Sahakari Bank will get the payment on August 10, and those of Harihareshwar Sahakari Bank on...03 Jul, 2022, 01.48 PM IST
- 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...22 Sep, 2021, 12.35 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
- Banks asked to adopt risk management system before rising insurance coverThe government has asked the Reserve Bank and Deposit Insurance and Credit Guarantee Corporation (DICGC) to adopt risk management system.08 May, 2012, 05.25 PM IST
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