What is ₹5 lakhs DICGC insurance?
The Deposit Insurance and Credit Guarantee Corporation (DICGC), a subsidiary of the Reserve Bank of India (RBI), provides insurance coverage for deposits of up to ₹5 lakhs.
This insurance amount covers all your deposits, including fixed deposits, savings accounts, current accounts, and recurring deposits with the bank.
The best part is that deposits in each bank are insured up to ₹5 lakhs.