https://www.taxtmi.com/article/detailed?id=8797 Deposit insurance under the DICGC applies up to the statutory limit and is payable only after a bank is de licensed and liquidated. Depositors can lawfully increase insured protection by creating multiple accounts in different capacities-single and various permutations of joint accounts with family members-because such accounts are treated as separate for insurance entitlement. The article relies on DICGC FAQs to demonstrate that varying the sequence and combination of joint holders yields distinct accounts, each eligible for its own insurance cover, and recommends planning account structures and pushing for higher statutory limits. en-us Fri, 25 Oct 2019 07:53:06 +0530 Fri, 25 Oct 2019 07:53:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8797 Deposit insurance under the DICGC applies up to the statutory limit and is payable only after a bank is de licensed and liquidated. Depositors can lawfully increase insured protection by creating multiple accounts in different capacities-single and various permutations of joint accounts with family members-because such accounts are treated as separate for insurance entitlement. The article relies on DICGC FAQs to demonstrate that varying the sequence and combination of joint holders yields distinct accounts, each eligible for its own insurance cover, and recommends planning account structures and pushing for higher statutory limits. Articles Corporate Laws / IBC / SEBI Fri, 25 Oct 2019 07:53:06 +0530 https://www.taxtmi.com/article/detailed?id=8797