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Depositor money insurance
what is Bank depositor money insurance cover increased to Rs. 5 Lakh from Rs. 1 Lakh?
Replies (3)
Earlier if you get one lakh on maturity was exempt...now the said limit is 5 lakhs...that's the insurance in which we invest to claim 80C
Roshni, your reply is out of context.
Under DICGC earlier depositors were insured to the tune of RS 1 lakh in case bank fails or collapses and defaults to repay money to depositors.
Now that DICGC gurrantee coverage has been increased to 5 lakhs. 👍
Under DICGC earlier depositors were insured to the tune of RS 1 lakh in case bank fails or collapses and defaults to repay money to depositors.
Now that DICGC gurrantee coverage has been increased to 5 lakhs. 👍
Mr. Kapadia Pravin is absolutely right.
and thanks for clarification.
and thanks for clarification.
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