The Deposit Insurance and Credit Guarantee Corp. (DICGC), a subsidiary of the Reserve Bank of India (RBI), oversees this system. Today, the insurance covers up to ₹5 lakh per depositor per bank.

and possibly partly because there are issues in deposit insurance design that remain to be resolved, financial crises have been prevalent during the 1990s. This situation has forced a number of ...

FDs also are very secure, especially those parked in large, stable banks and those covered up to ₹5 lakh by the Deposit Insurance and Credit Guarantee Corporation (DICGC). Advisory Alert ...

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those ...

Union Bank of India has launched a ‘Wellness Deposit’ specifically for retail customers by integrating health insurance with a term deposit product. The scheme, which aims to promote both ...

Saving for a secure and satisfying retirement normally involves making the right choices when it comes to where to place your savings. For senior Indian citizens, the most trustworthy options ...

💰 What Can Depositors Expect? The Deposit Insurance and Credit Guarantee Corporation (DICGC) guarantees a maximum compensation of ₹5 lakh per depositor, including principal and interest.

In the letter to acting Federal Deposit Insurance Corp. Chair Travis Hill, Senators Elizabeth Warren, D-Mass.; Raphael Warnock, D-Ga.; Chris Van Hollen, D-Md.; and Lisa Blunt Rochester, D-Del., ...

Mumbai, Apr 22 (PTI) The Reserve Bank on Tuesday said it has cancelled the licence of Ajantha Urban Co-operative Bank Maryadit, Aurangabad, as the lender does not have adequate capital and earning ...

In this new role, Paul will lead the expansion of Vantage's Credit Risk Re/Insurance business, focusing on identifying opportunities to diversify its portfolio. Paul will work closely with Vantage ...

In 2025, the Reserve Bank of India (RBI) has so far cut its repo rate by a total of 0.50% (50 basis points) in two policy meetings in February and April. The repo rate is the rate at which the RBI ...