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.
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