• SENSEX
    NIFTY 50
Business

PMC Bank Crisis: Must dos when you think your bank deposits are no longer safe

Updated : October 02, 2019 11:43 AM IST

Presently, only a deposit up to Rs 1 lakh (including interest) is protected under the Deposit Insurance and Credit Guarantee Corporation Act.
Whenever you invest, make sure that you invest after due research, which at times becomes difficult because such fraud cases are difficult to identify.
As a customer, refrain from investing in banks (especially large amounts deposited in cooperative banks) which offer high-interest rates on their deposits and also provide a relaxed account opening process.
PMC Bank Crisis: Must dos when you think your bank deposits are no longer safe
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV