DICGC Insurance
Your Deposits Are Insured
Up to ₹5,00,000
per depositor per bank under the DICGC scheme
What is DICGC?
The Deposit Insurance and Credit Guarantee Corporation, a wholly-owned subsidiary of the Reserve Bank of India, provides insurance on bank deposits and offers reassurance to depositors in the event of a bank
What Is Covered
- Savings account deposits
- Fixed deposit accounts
- Current account deposits
- Recurring deposits
- Other eligible deposits
What Is Not Covered
- Deposits of foreign governments
- Deposits of Central or State Governments
- Inter-bank deposits
- Deposits received outside India
- Deposits specifically exempted by DICGC
Frequently Asked Questions
What is the coverage limit?
Each depositor is insured up to ₹5,00,000 across all eligible deposits held in the same bank.
What types of deposits are covered?
Savings, fixed, current, recurring, and other eligible deposits are covered, subject to DICGC rules.
Is there any cost to the depositor?
No. The insurance premium is paid by the bank and not by the depositor.
When is the insurance claim paid?
The claim is processed in accordance with DICGC and RBI directions if a bank is liquidated or reconstructed.