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Saving — Advanced
If you have more than ₹5L, spread deposits across multiple banks for full DICGC coverage on each.
Concept
If you have more than ₹5L, spread deposits across multiple banks for full DICGC coverage on each.
DICGC (Deposit Insurance and Credit Guarantee Corporation) insures ₹5 lakh per depositor per bank — covering savings, FDs, RDs, and current accounts. This limit includes principal + interest. If a bank fails (like PMC Bank), DICGC pays within 90 days. Savings accounts typically earn 2.5-4%, while high-interest savings accounts from small finance banks offer 6-7%.
हिंदी मेंDICGC ₹5 lakh per depositor per bank insure करता है — savings, FDs, RDs, current accounts cover। Limit principal + interest मिलाकर है। Bank fail हो (जैसे PMC Bank) तो DICGC 90 days में pay करता है। Savings accounts 2.5-4% earn करते हैं, small finance banks 6-7% high-interest savings accounts देते हैं।
Example
See it in action
You have ₹15L in one bank. DICGC covers only ₹5L. Solution: ₹5L in Bank A + ₹5L in Bank B + ₹5L in Bank C = full ₹15L covered. Joint accounts get separate coverage too — ₹5L for single + ₹5L for joint = ₹10L covered at one bank.
हिंदी मेंएक bank में ₹15L हैं। DICGC सिर्फ ₹5L cover करता है। Solution: ₹5L Bank A + ₹5L Bank B + ₹5L Bank C = पूरे ₹15L covered। Joint accounts को separate coverage मिलती है — single ₹5L + joint ₹5L = एक bank में ₹10L covered।
Key takeaway
Remember this
Never keep more than ₹5L in any single bank without reason. Spread your deposits for maximum DICGC protection.
Your bank savings aren't 100% guaranteed — DICGC insurance covers only up to ₹5 lakh per depositor per bank, including principal + interest.
हिंदी मेंबिना reason कभी एक bank में ₹5L से ज़्यादा न रखें। Maximum DICGC protection के लिए deposits spread करें।
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