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At Rs 1 lakh, India's bank deposit insurance lowest in world
October 7, 2019 | By The Times of India
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India Business News: While the deposit insurance extended in India covers 70% of depositors in terms of number, only 7.8% of the deposit base comprises of deposits below R
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MUMBAI: Protection of deposits in Indian banks through insurance is among the lowest in the world in India, at Rs 1 lakh per bank account (about $1,508), well below the level in developed economies and even other BRICS nations. While the deposit insurance e
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