'Rs 5L insurance on bank deposits within 90 days of moratorium'

The government on Wednesday approved an amendment to Deposit Insurance and Credit Guarantee Corporation (DICGC) Act. The move implies that now bank depositors will get an insurance of Rs 5 lakh on deposits within 90 days of bank failure or moratorium.

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Jul 29, 2021 - 01:17
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'Rs 5L insurance on bank deposits within 90 days of moratorium'
The government on Wednesday approved an amendment to Deposit Insurance and Credit Guarantee Corporation (DICGC) Act. The move implies that now bank depositors will get an insurance of Rs 5 lakh on deposits within 90 days of bank failure or moratorium.