Bank deposit risk explained: What happens to your money if a lender fails to return it?

1 month ago 16

Bank deposits are generally safe, but in case of bank failure, only ₹5 lakh per depositor is insured under the DICGC. This coverage applies to all accounts in a bank, with specific exclusions for certain deposits. Details here. 

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Bank deposit risk explained: What happens to your money if a lender fails to return it?

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