Understand deposit protection in 10 minutes

When placing money in a bank, understand the deposit-guarantee limit and member institution—not only the interest rate.

Separate three ideas

1) the bank’s interest rate, 2) its regulatory status, and 3) deposit protection are not the same thing.

DCGF currently states that eligible deposits of natural persons are protected up to Rs 500,000 per depositor per member institution.

Write down the total of your savings and fixed deposits at each institution and compare it with the latest official coverage rules.

Official / trusted reference

Deposit & Credit Guarantee Fund ↗

Learning content is general financial education, not individualized advice.

Action for Today

Check whether your main bank is listed as a DCGF member institution.