DICGC Current Affairs, GK & News

Deposit Insurance Credit Guarantee Corporation Bill 2021 to be introduced

On 28th July, 2021, the Union Cabinet cleared changes to the deposit insurance laws of the country. According to these changes up to Rs 5 lakh of funds will be provided to an account holder within 90 days in the event of a bank being put under moratorium by the RBI. Key Points Previously, account ..

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DICGC insures up to a maximum of Rs 1 Lakh

The Deposit Insurance and credit guarantee corporation (DICGC) is a subsidiary of the Reserve Bank of India which insures all bank deposits that are payable in India such as savings, current, recurring, fixed, etc. Each depositor in a bank is provided an insured amount of maximum Rupees One Lakh on both the interest amount and ..

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