https://www.taxtmi.com/article/detailed?id=8755 DICGC insures aggregated balances held in the same capacity but provides separate cover for deposits held in a different capacity and different right. Depositors can lawfully increase insured protection at a single bank by maintaining accounts in distinct legal capacities (individual, partner, guardian, director, trustee, or differently composed joint accounts) or by adding/deleting joint names before liquidation, provided the deposit's tenure and amount remain unchanged and the bank remains licensed. en-us Mon, 07 Oct 2019 21:25:18 +0530 Mon, 07 Oct 2019 21:25:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8755 DICGC insures aggregated balances held in the same capacity but provides separate cover for deposits held in a different capacity and different right. Depositors can lawfully increase insured protection at a single bank by maintaining accounts in distinct legal capacities (individual, partner, guardian, director, trustee, or differently composed joint accounts) or by adding/deleting joint names before liquidation, provided the deposit's tenure and amount remain unchanged and the bank remains licensed. Articles Other Topics Mon, 07 Oct 2019 21:25:18 +0530 https://www.taxtmi.com/article/detailed?id=8755