Customers To Get Rs 5 Lakh Insurance On Bank Deposits Within 90 Days Of Moratorium

PUBLISHED ON: July 29, 2021 | Duration: 2 min, 50 sec

  
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In a move which will provide relief to depositors of troubled banks, the Union Cabinet on Wednesday cleared amendments in the Deposit Insurance Credit Guarantee Corporation (DICGC) Act 1961, under which account holders of the affected bank will get up to Rs 5 lakh within 90 days of its collapse.
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Rs 5 Lakh Insurance On Bank Deposits Within 90 Days Of Moratorium

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