Government to find great relief for bank account holders! The new rule will bring money trapped in the submerged banks | The government considers the current Rs 5 lakh large relief deposit insurance limit for depositors

The deposit insurance limit of the bank depositor Apart from Maharashtra, the bank’s millions of customers are in great crisis by the Reserve Bank, which has recently imposed restrictions on the new India Co -operative Bank in Mumbai with branches in Gujarat. However, after the incident, the central government may increase the range of insurance system against the deposits of the banks in the banks so that the account holders will not sink money.

Considering an increase in the range of credit providers’ insurance

In fact. Is under consideration. Once the government has decided on this issue, the Ministry of Finance will announce the announcement of that meaning. However, when the decision is made on the project, no time limit is fixed, he said.

Why does the Reserve Bank impose sanctions to banks?

It is the responsibility of the Reserve Bank of India to strengthen the banking system in India, but if a bank cannot repay its customers’ deposits or the bank’s financial crisis is very serious, it cannot continue its operation and cannot continue its operation. There may be many reasons such as poor debt management, cash shortages, financial irregularities or major economic slopes. In such cases, the Reserve Bank can impose restrictions on the bank, reorganize it, or decide to close it completely.

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What happens to the consumer’s money?

The Deposit and Debt Guarantee Corporation (DICGC) under the Reserve Bank of India plays an important role in protecting deposits of deposits. Under the insurance amount provided by DICGC, each deposit officer is guaranteed a maximum of Rs 5 lakh (including interest and interest). This means that if a bank is closed, deposits are guaranteed a maximum of Rs 5 lakh from their deposit, even if they have more money in their account. According to the rules of the DICGC, up to Rs 5 lakh is guaranteed if the bank is completely closed and to go to the dissolution process. But if the bank is reorganized or merged, deposits are more likely to get their full deposits. Therefore, in the case of a bank decline, it is not wrong to say that the customer’s condition depends on what the Reserve Bank and the government will take with the bank.

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