Tag: Deposit Insurance

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Work Begins On Budget Proposals; DFS Approves Raising Deposit Insurance To Rs 5 Lakh: Fin Secretary

New Delhi: Insurance cover on bank deposits has been increased to Rs 5 lakh from Rs 1 lakh effective Tuesday, the Reserve Bank of India (RBI) said in a statement. The cover is provided by the Deposit Insurance and Credit Guarantee Corporation (DICGC), a wholly-owned subsidiary of the RBI. This, the RBI said, has been […]

  • Tuesday, 20 April 2021
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