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If your bank goes bust, you will get only Rs 1 lakh: RBI-owned subsidiary

Updated : December 03, 2019 04:55 PM IST

This covers savings, fixed, current and recurring accounts, the DICGC, which insures all bank deposits, said in response to a Right to Information (RTI) query.
The corporation covers all commercial banks, including branches of foreign banks functioning in India, local area banks and regional rural banks.
If your bank goes bust, you will get only Rs 1 lakh: RBI-owned subsidiary

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