DICGC Current Affairs, GK & News
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 ..
Month: Current Affairs - July, 2021
Topics: Deposit Insurance & Credit Guarantee Corporation • Deposit Insurance & Credit Guarantee Corporation (Amendment) Bill 2021 • DICGC • Reserve Bank of India (RBI) • Rs 5-lakh deposit insurance cover
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 ..
Category: Economy & Banking Current Affairs