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.

Small depositors have protection through the DICGC's (Deposit Insurance and Credit Guarantee Corporation) deposit insurance programme. Are your bank deposits insured if your bank fails?

IndusInd Bank is in the news this week as its stock crashed to a 52-week low (on March 11, 2025) due to an accounting error linked to forex derivative transactions ...

Considering its financial position and the interest of the country’s banking system as a whole, the Deposit Insurance and Credit Guarantee Corporation (DICGC) may raise the insurance limit from ...

ICRA expects an increase in deposit insurance limit as well as premium in the wake of the recent failure of a cooperative bank. This, in turn, will impact banks’ return on assets (RoA) and ...

The Deposit Insurance and Credit Guarantee Corporation (DICGC), established in 1962, is responsible for deposit insurance in India. If the proposal is approved, DICGC will implement the revised limit ...

said Mr. Seth. Money deposited by bank customers is insured under the Deposit Insurance and Credit Guarantee Corporation Act, 1961 by the Deposit Insurance and Credit Guarantee Corporation (DICGC ...

the Deposit Insurance and Credit Guarantee Corporation (DICGC) has paid out such claims. The body collects premiums from banks for the cover it offers, and a majority of the claims have had to be ...

The Centre is mulling over increasing Deposit Insurance and Credit Guarantee Corporation (DICGC) insurance cover above ₹5 lakh for bank depositors, said the Department of Financial Services ...

As the Reserve Bank of India (RBI) sets curbs on New India Co-operative Bank, the depositors have a safety net in the Deposit Insurance and Credit Guarantee Corporation (DICGC) as depositors can ...

PALM BEACH, Fla.--(BUSINESS WIRE)--Blockchain Deposit Insurance Corporation (BDIC), the world’s first decentralized cryptocurrency insurer, has announced the launch of its groundbreaking ...

Deposit insurance in the U.S. is backed by federal taxpayers and administered by the Federal Deposit Insurance Corporation (FDIC). As of 2016, the FDIC guaranteed approximately $7 trillion in ...