Make Sure Your Money is Safe (DICGC Guarantee)

Guide to the Deposit Insurance System in India

Deposit Insurance and Credit Guarantee Corporation (DICGC) (a wholly owned subsidiary of RBI) guarantees Deposit Insurance Coverage up to Rs. 1,00,000 (Rupees One Hundred Thousand) for all Leading Commercial Banks.

Each depositor in a bank is insured up to a maximum of Rs. 1,00,000 for both principal and interest amount held by him/her as on the date of liquidation/cancellation of bank's licence or the
date on which the scheme of amalgamation/merger/reconstruction comes into force.

In simplest terms, just don't keep more than Rs. 1,00,000 in any one bank/institution. So better diversify your deposits in different banks to be assured of the Rs. 1,00,000 guarantee by DICGC.


You might have so many questions like What is deposit insurance coverage? How does this insurance work? Is your bank covered by this insurance?...
Please check out the below links to know the answers to the above questions: 

1) Read the DICGC's Q&A guide regarding deposit insurance system in India
2) List of commercial banks covered under deposit insurance (DICGC)

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