Deposits made in which among the following does not come under Deposit Insurance Scheme?
[A]Regional Rural Banks
[C]Non-scheduled Commercial Banks
[D]Primary Agricultural Credit Societies (PACS)
Primary Agricultural Credit Societies (PACS)
The following are not covered under deposit insurance scheme:
1.Primary Agricultural Credit Societies (PACS)
2.Cooperative banks from Meghalaya
3.Cooperative Banks from Union Territories of Chandigarh, Lakshadweep and Dadra and Nagar Haveli.
All commercial banks including branches of foreign banks functioning in India, local area banks and regional rural banks are insured by the DICGC.