Measures taken by the Government to protect the interest of investors/account holders in the bank https://www.taxtmi.com/news?id=25683 DICGC provides deposit insurance covering the aggregate unpaid balances of a depositor's accounts, including accrued interest, payable up to the statutory ceiling per depositor across all branches of an insured bank; the insurance limit was raised to Rs.5 lakh. The 2021 amendment (new Section 18A) requires DICGC to make time bound interim payments up to the insurance limit within ninety days when regulatory restrictions are imposed on a bank, improving depositor access and financial stability. en-us Mon, 08 Aug 2022 18:44:07 +0530 Mon, 08 Aug 2022 18:44:07 +0530 TaxTMI RSS Generator Measures taken by the Government to protect the interest of investors/account holders in the bank https://www.taxtmi.com/news?id=25683 DICGC provides deposit insurance covering the aggregate unpaid balances of a depositor's accounts, including accrued interest, payable up to the statutory ceiling per depositor across all branches of an insured bank; the insurance limit was raised to Rs.5 lakh. The 2021 amendment (new Section 18A) requires DICGC to make time bound interim payments up to the insurance limit within ninety days when regulatory restrictions are imposed on a bank, improving depositor access and financial stability. News - Mon, 08 Aug 2022 18:44:07 +0530 https://www.taxtmi.com/news?id=25683