Thursday, July 19, 2012

Understanding safety of bank deposits

....Deposit Insurance and Credit Guarantee Corporation (DICGC) a wholly owned subsidiary of Reserve Bank of India (RBI) is the institution which has the responsibility of insuring deposits of customers made in banks. Deposits made by a customer in a bank upto Rs. 100000 is insured by DICGC provided the bank has availed deposit insurance from DICGC......

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