Business | Dec 03, 2019, 01:19 PM IST
Having more than Rs 1 lakh in a bank account? Then this article is important to you. After Reserve Bank of India (RBI) put restrictions on PMC Bank depositors, “Is my money safe with banks?, “Is keeping money in the bank in savings/deposit account akin to lending to a bank? “Why is my deposit amount not fully covered by insurance?”, are some of the queries that keep rising. Finally, a wholly-owned subsidiary of the Reserve Bank of India, DICGC, has issued a statement clearing 'how much amount in the bank accounts are insured.'