Whether its surviving in rainy days where money is scant to being self-reliant during financial emergencies and goals-be it funding your children's education, buying a house, building a retirement corpus, etc., it is very important…
Is your bank is insured for deposit insurance?
How would you know if your bank is insured of loss of deposit (upto 5 Lakhs)? The government while registering the banks (if they are insured banks) furnishes the banks with printed leaflets with information…
What is the maximum bank deposit amount insured?
A maximum upto of ₹ 5,00,000 (Rs. Five lakhs) is insured for each depositor in a bankThis insurance applies for the principal and interest amount held by a person in the same right and same…
What deposits types are covered by the RBI…
All deposits such as savings, fixed, current, recurring, etc. Deposits except the following types of deposits: Deposits of foreign governmentsDeposits of Central/State governmentsInter-bank deposits;Deposits of the State Land Development Banks with the State co-operative bank;Any…
Which banks have the RBI insurance for your…
As per the deposit insurance and credit guarantee corporation established by the government commercial banks and cooperative banks are both insured however primary cooperatives societies are not insured by this arrangement. Commercial Banks: All commercial…
RBI guidelines for gold loans
In recent years, the amount of gold that is imported from foreign countries has been increasing rapidly. This puts us in the lower bound of the equation as India is a nation that is under…