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Deposit Insurance Credit Guarantee Scheme Of India

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Rediff.com  »  News  »   Deposit Insurance Credit Guarantee Scheme Of India

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 Tax evaders, BEWARE!The Income Tax department is using AI data analytics to bust fake deductions, flag HRA fraud, and trace digital footprints. Kindly note this illustration generated using......

Bank Deposits: Govt Plans To Increase Insurance

 Currently, deposits of up to Rs 5 lakh are covered under the deposit-insurance scheme. IMAGE: A rush of account holders at the New India Co-operative Bank's Versova branch, north west Mumbai,......

PMC scam fallout: Bank deposit insurance cover to be hiked

 At present, bank depositors get an insurance cover of Rs 1 lakh on their amount by the Deposit Insurance and credit Guarantee Corporation. Finance Minister Nirmala Sitharaman on Friday said the......

Insurance cover for bank deposits hiked to Rs 5 lakh

 The decision assumes significance in the wake of a scam in the PMC Bank affecting lakhs of customers who are facing difficulties in withdrawing their money due to restrictions imposed by the......

PMC Bank customers not to get Rs 5 lakh deposit cover in first lot

 Customers of stressed Punjab & Maharashtra Co-Operative Bank (PMC Bank) will not get up to Rs 5 lakh insurance cover in the first lot as the multi-state co-operative bank is under the resolution......

If your bank goes bust, how much money will you get?

 'The new ceiling will cover around 93 per cent of all deposit accounts, up from 90 per cent earlier,' notes Tamal Bandyopadhyay. Illustration: Uttam Ghosh/Rediff.com   Finally, the deposit......

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