Economy What happens if your bank fails? Decoding India’s deposit insurance scheme and ways to address its flaws Updated : November 01, 2019 07:40 AM IST The deposit insurance premium is the same for all banks; it does not differentiate between banks based on the underlying risk. The biggest conceptual issue with the current scheme is around the pricing of the risk of a bank failure. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.