Wednesday, 28 July 2021
If bank put under moratorium, customers to get Rs 5L insurance on deposits within 90 days: Govt
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.
from Times of India https://timesofindia.indiatimes.com/business/india-business/rs-5-lakh-insurance-on-bank-deposits-within-90-days-in-case-of-moratorium-centre/articleshow/84823716.cms
from Times of India https://timesofindia.indiatimes.com/business/india-business/rs-5-lakh-insurance-on-bank-deposits-within-90-days-in-case-of-moratorium-centre/articleshow/84823716.cms
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