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DICGC INSURANCE LIMIT
FD rate up to 8% for senior citizens investing for three years; Know list of banksSenior citizens can secure fixed deposit interest rates up to 8 percent for a three-year investment. Several small finance banks are offeri...- 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...
- 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...
- 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 ...
- Govt considering raising deposit insurance limit above current Rs 5 lakh: OfficialThe government is considering increasing the deposit insurance limit beyond Rs 5 lakh, following the New India Co-operative Bank scam. This...
- 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...
- DICGC posts 17% growth in insurance fundThe fund is collected by premiums received from insured banks, interest income from investments, and cash recoveries from failed banks. The...
- 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...
- 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...
- 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...
- 99% of Laxmi Co-op Bank depositors to get full deposit claim on liquidation: RBIThe bank will cease to carry on banking business from the close of business on September 22, 2022. The bank will also be wound up and a liq...
- 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...
- RBI cancels licence of Mudhol Co-op Bank, Bagalkot, Karnataka"Consequent to the cancellation of its licence, The Mudhol Co-operative Bank Limited ... is prohibited from conducting the business of 'ban...
- 5 things to know about deposit insuranceDICGC covers depositors of all commercial banks and foreign banks operating in India, state, central and urban co-operative banks, local ar...
- 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...
- 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.
- Hike in deposit insurance to pinch banksThe Rs 1 lakh limit for deposits insured was last changed in May 1993. The demand for the change in limits has gained momentum particularly...
- Only up to Rs 1 lakh, not all money, insured in banks: RBI-owned subsidiaryFinance Minister Nirmala Sitharaman last month said the government plans to bring in legislation on raising the insurance cover on bank dep...
- Getting to the bottom of deposit insurance in IndiaET explains the role of deposit insurance in India in such a situation.
- 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.
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