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SBI calls for separate deposit insurance limit; Double for fixed deposits, Rs 1 lakh for savings account
October 7, 2019 | By Financialexpress.com
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The deposits in a bank including savings account, current account, fixed deposit and even recurring deposits are insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC).
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Bank Deposit Insurance Scheme: Amidst the Punjab and Maharashtra Cooperative (PMC) Bank financial crisis, there is talk of increasing the deposit insurance limit all around. The Economic Research Department of the State Bank of India has come out with a repor
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