SACHIN KHETAWAT (Student) (349 Points)
10 November 2013
Deepak Gupta
(CA Student)
(15922 Points)
Replied 11 November 2013
| Originally posted by : sachin ca-ipcc | ||
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whether it is secured to invest in fd of private bank like idbi, ing vysaya etc . i mean if banks will bankrupt then wat can be happen?? |
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> Each depositor in a bank is insured by Deposit Insurance and Credit Guarantee Corporation (DICGC) upto a maximum of Rs.1,00,000 for both principal and interest and paid back in the event of failure of the bank.
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> It applies to all the banks operating in India including private sector.
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> DICGC is a wholly owned subsidiary of the RBI.
SACHIN KHETAWAT
(Student)
(349 Points)
Replied 11 November 2013
B.SEKAR
(manager-accts.)
(61 Points)
Replied 11 November 2013
mr. deepak, if I puts rs.5.00 lacs as FD in a bank which has given bankruftcy notice, then I am eligible for 1.00 lac with interest and balance rs.4.00 lacs?????????????????????? "theyvuda, like myself who has saved money by locking mouth to hand, is to pay for them????? I am a aged person>>>>sekar
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