97% Bank Accounts Safe: DICGC Guarantees Rs 5 Lakh Per Account!
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News18•07-01-2026, 17:04
97% Bank Accounts Safe: DICGC Guarantees Rs 5 Lakh Per Account!
- •DICGC, an RBI subsidiary, ensures deposit insurance for commercial and cooperative banks across the country.
- •A significant 97.6% of bank accounts are covered by deposit insurance, offering relief to ordinary depositors.
- •Each account holder is insured up to Rs 5 lakh, protecting savings, current, and fixed deposits.
- •By March 2025, 41.5% of total deposits (Rs 100.12 lakh crore) are insured, with the fund growing to Rs 2.29 lakh crore.
- •RBI approved a new risk-based deposit insurance framework in December 2025 to enhance financial stability.
Why It Matters: Most bank deposits are insured up to Rs 5 lakh by DICGC, ensuring financial security for account holders.
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