Prime Minister Shri Narendra Modi addresses the function on “Depositors First: Guaranteed Time-bound Deposit Insurance Payment up to Rs. 5 Lakh” on 12th December, 2021 at 12 noon in Vigyan Bhawan.
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. In a path breaking reform, Bank deposit insurance cover was enhanced from Rs. 1 lakh to Rs. 5 lakh.
With deposit insurance coverage of Rs. 5 lakh per depositor per bank, the number of fully protected accounts at end of previous financial year constituted 98.1% of the total number of accounts, as against the international benchmark of 80%.
The first tranche of interim payments has been released by the Deposit Insurance and Credit Guarantee Corporation recently, against claims received from depositors of 16 Urban Cooperative Banks which are under restrictions by RBI. Payout of over Rs 1300 crore has been made to alternate bank accounts of over 1 lakh depositors against their claims.
Union Finance Minister, MoS Finance and RBI Governor will also be present on the occasion.
#insurance #PMModiLive
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PM Modi addresses a function on a bank deposit insurance pr.
Prime Minister Shri Narendra Modi addresses the function on “Depositors First: Guaranteed Time-bound Deposit Insurance Payment up to Rs. 5 Lakh” on 12th December, 2021 at 12 noon in Vigyan Bhawan.
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. In a path breaking reform, Bank deposit insurance cover was enhanced from Rs. 1 lakh to Rs. 5 lakh.
With deposit insurance coverage of Rs. 5 lakh per depositor per bank, the number of fully protected accounts at end of previous financial year constituted 98.1% of the total number of accounts, as against the international benchmark of 80%.
The first tranche of interim payments has been released by the Deposit Insurance and Credit Guarantee Corporation recently, against claims received from depositors of 16 Urban Cooperative Banks which are under restrictions by RBI. Payout of over Rs 1300 crore has been made to alternate bank accounts of over 1 lakh depositors against their claims.
Union Finance Minister, MoS Finance and RBI Governor will also be present on the occasion.
#insurance #PMModiLive
---------------------------------------------------------------------------
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PM Modi addresses a function on a bank deposit insurance pr
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Beauty Tips video | 4171 views
The Purplle I Heart Beauty Sale goes live on the 2nd of August!
BUY 1 GET 1 FREE on all mCaffeine products.
mCaffeine Cherry Affair - Coffee Face Mist - https://mlpl.link/INFIwj2Q
mCaffeine On The Go Coffee Body Stick - https://mlpl.link/INF3lvBa
Download the Purplle app here:
https://mlpl.link/JCCZ2INF
Subscribe to my Vlog Channel - Nidhi Katiyar Vlogs
https://www.youtube.com/channel/UCVgQXr1OwlxEKKhVPCTYlKg
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Watch My other Vlogs -
https://www.youtube.com/watch?v=ih_bKToLC3g&list=PLswt2K44s-hbKsvEBLEC5fHDkEp7Wwnpd
Watch My Disney Princess to Indian Wedding Series here - Its fun to watch Indian Avatar of Disney Princesses -
https://www.youtube.com/watch?v=lPkRbupcUB0&list=PLswt2K44s-haUOABjzzUOG2jwUh_Fpr96
Watch My Monotone Makeup Looks Here -
https://www.youtube.com/watch?v=WrpPx-_F1Yw&list=PLswt2K44s-hZOfXt-sSQlVe7C_vBOjsWQ
Love Affordable Makeup - Checkout What's new in Affordable -
https://www.youtube.com/watch?v=lowjaZ9kZcs&list=PLswt2K44s-hZcQ-tZUr7GzH0ymkV18U8o
Here is my Get UNREADY With Me -
https://www.youtube.com/watch?v=aLtDX9l8ovo&list=PLswt2K44s-hbLjRz8rtj8FTC-3tZ55yzY
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Follow me on all my social media's below:
email :team.nidhivlogs@gmail.com
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Twitter : https://twitter.com/nidhikatiyar167
Instagram - https://www.instagram.com/nidhi.167/
Shop affordable Makeup here -
https://www.cuffsnlashes.com
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Shop affordable Makeup here -
https://www.cuffs
Beauty Tips video | 3930 views