Banking rules law

Querist : Anonymous (Querist) 30 April 2010 This query is : Resolved
A fixed deposit in a bank is insured / guranteed upto an amount of Rs.1,00,000.

Is this amount is with respect to each receipt of the depositor or with respect to all receipt of the depositor?

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A V Vishal (Expert) 30 April 2010
http://www.rbi.org.in/scripts/FAQView.aspx?Id=64

All your queries will be answered.

Parthasarathi Loganathan (Expert) 01 May 2010
Deposit insurance is done by DICGC which takes Rs.100000/- as individual deposits only

Krishnamurthy Ramdas Iyer (Expert) 03 May 2010
total of FDRs and S/B A/cs upto 1lac covered

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