DICGC

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DICGC- Deposit Insurance and Credit Guarantee Corporation
Our bank Is member of DICGC. Yours up to 5 lakh amount is insured with DICGC.

https://www.dicgc.org.in/

DICGC is a wholly owned subsidiary of the Reserve Bank of India. DICGC is an integral part of the financial safety net in India. DICGC protects small depositors against the risk of loss arising out of bank failures or banks going under ‘All Inclusive Directions’ (AID) imposed by Reserve Bank of India..

How it Works:
Per Depositor, Per Bank:
The ₹5 lakh limit is aggregated across all your accounts (savings, FD, current, RD) at one specific bank.
Includes Principal & Interest:
Both the money you put in and the interest earned are covered, up to the ₹5 lakh total.
Triggered by Bank Failure:
You receive this payout if your bank faces liquidation or the RBI imposes restrictions (All Inclusive Directions).

Example:
If you have ₹3 lakh in a savings account and ₹2 lakh in an FD in the same bank, your total insured amount is ₹5 lakh, fully covered.
If you have ₹6 lakh in total across your accounts at one bank, only ₹5 lakh is insured; the remaining ₹1 lakh would be at risk during liquidation.