Lagatar24.com
Language : HINDI
  • Home
  • Jharkhand
  • Bihar
  • National & World
  • Business
  • Health & Lifestyle
  • Sports
  • Entertainment
  • Career
  • Tech – Gyan
  • Opinion
Monday, 20 October, 2025
Lagatar24.com
  • Home
  • Jharkhand
  • Bihar
  • National & World
  • Business
  • Health & Lifestyle
  • Sports
  • Entertainment
  • Career
  • Tech – Gyan
  • Opinion
Lagatar24.com
No Result
View All Result
  • Home
  • Jharkhand
  • Bihar
  • National & World
  • Business
  • Health & Lifestyle
  • Sports
  • Entertainment
  • Career
  • Tech – Gyan
  • Opinion
Home National & International

PM Modi to adress bank deposit insurance programme today

Lagatar News by Lagatar News
December 12, 2021
in National & International
Share on FacebookShare on Twitter

Lagatar24 Desk

New Delhi, Dec 12: Prime Minister Narendra Modi will address the function on `Depositors First: Guaranteed Time-bound Deposit Insurance Payment up to Rs 5 Lakh` on Sunday ,December 12, at  12pm in Vigyan Bhawan, Delhi.

As per a release from Prime Minister’s Office,  Union Finance Minister Nirmala Sitharaman, MoS Finance and RBI Governor will also be present on the occasion.

“Deposit insurance covers all deposits such as savings, fixed, current, recurring deposits, etc. in all commercial banks, functioning in India. Deposits in State, Central and Primary cooperative banks, functioning in States/Union Territories are also covered,” said the PMO.

“In a path-breaking reform, bank deposit insurance cover was enhanced from Rs 1 lakh to Rs 5 lakh,” it added.

The number of fully protected accounts at end of the previous financial year constituted 98.1% of the total number of accounts, with deposit insurance coverage of Rs 5 lakh per depositor per bank, as against the international benchmark of 80 %

Notably, the first tranche of interim payments has been released by the Credit Guarantee Corporation and Deposit Insurance recently, against claims received from depositors of 16 Urban Cooperative Banks which are under restrictions by RBI.

 

Share76Tweet47
Previous Post

Took necessary steps to secure ‘compromised’ handle of PM Modi: Twitter

Next Post

India logs 7,774 new COVID-19 cases, 306 deaths in last 24 hours

Related Posts

Piyush Goyal Says India-US Trade Talks ‘Cordial’, Declines to Set Deadline for Tariff Deal

Piyush Goyal Says India-US Trade Talks ‘Cordial’, Declines to Set Deadline for Tariff Deal

October 18, 2025
Delhi Court Rules Alimony Not for Financially Independent Spouses

Delhi Court Rules Alimony Not for Financially Independent Spouses

October 18, 2025
Telangana Shuts Down as Quota Protests Escalate; Petrol Pump, Shops Attacked in Hyderabad

Telangana Shuts Down as Quota Protests Escalate; Petrol Pump, Shops Attacked in Hyderabad

October 18, 2025
Rajnath Singh Warns Pakistan: ‘Every Inch Within BrahMos Range’

Rajnath Singh Warns Pakistan: ‘Every Inch Within BrahMos Range’

October 18, 2025
Tejas MK-1A Takes Flight from Nashik, Rajnath Singh Hails Milestone in Self-Reliance

Tejas MK-1A Takes Flight from Nashik, Rajnath Singh Hails Milestone in Self-Reliance

October 17, 2025
Rahul Gandhi Meets Family of Dalit Victim in Fatehpur, Seeks Justice from UP Government

Rahul Gandhi Meets Family of Dalit Victim in Fatehpur, Seeks Justice from UP Government

October 17, 2025
Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • About Editor
  • Advertise with us
  • Privacy Policy
  • Contact Us

© 2024 Lagatar News (Lagatar24.com)

No Result
View All Result
  • Home
  • Jharkhand
  • Bihar
  • National & World
  • Business
  • Health & Lifestyle
  • Sports
  • Entertainment
  • Career
  • Tech – Gyan
  • Opinion

© 2024 Lagatar News (Lagatar24.com)