Bank Deposit Insurance Programme
The PM has addressed depositors during a programme titled ‘Depositors First: Guaranteed Time-bound Deposit Insurance Payment up to ₹5 Lakh’. Deposit Insurance Programme The bank savings are insured under the Deposit Insurance and Credit Guarantee Corporation (DICGC) Act providing full coverage to around 98 per cent of bank accounts. Earlier, account holders had to wait… Continue reading Bank Deposit Insurance Programme