Deposit insurance for Banking Unit deposits applies only within the statutory insurance regime's applicable scope and limits. Deposit insurance for deposits of a Banking Unit may apply only where and to the extent provided under the Deposit Insurance and Credit Guarantee ... Summary
Deposit insurance for Banking Unit deposits applies only within the statutory insurance regime's applicable scope and limits.
Deposit insurance for deposits of a Banking Unit may apply only where and to the extent provided under the Deposit Insurance and Credit Guarantee Corporation Act, 1961 and its rules or regulations. Coverage depends on the applicability, scope and limits of that statutory deposit-insurance regime. This replaces the earlier position that no centralised deposit insurance scheme applied to deposits of a Banking Unit.
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