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Sanjit Keskar   03 July 2021

Are fds in the name of a 2nd holder insured separately from

Suppose i have a joint a/c in a bank with my wife where i am the first (and primary) account holder and the bank iss insured by the DICGC 

Suppose, we have 8 lakhs in Term/Fixed deposits 4 lakhs on my name (she is joint holder) and 4 lakhs on her name (i am joint holder). a(nd lests assume a zero balance Savings a/c)

Are we insured for the entire amount of Rs 8 lakhs or would the insurance top out  at 5 lakhs for both these Term deposit holdings

Thankyou

 



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