Deposit Insurance Scheme: 1 lakh plus depositors get over ₹1,300 crore payout

The scheme seeks to provide insurance for bank deposits and guarantees credit given by banks and financial institutions. It aims to provide depositors time-bound access to their insured deposit amount, in case they are restricted from accessing their bank deposits.

from Banking/Finance-Industry-Economic Times https://ift.tt/31IH3vR