Is Your Money Safe in an Indian Bank? The DICGC ₹5 Lakh Insurance Explained
Is Your Money Safe in an Indian Bank? The DICGC ₹5 Lakh Insurance Explained Is Your Money Safe in an Indian Bank? The DICGC ₹5 Lakh Insurance Explained By The Bystander | June 2026 | Last updated: June 2026 The direct answer: Yes — up to ₹5 lakh per depositor per bank, your money is completely safe even if the bank fails. This protection comes from DICGC (Deposit Insurance and Credit Guarantee Corporation), a wholly-owned subsidiary of the Reserve Bank of India. The limit was raised from ₹1 lakh to ₹5 lakh in February 2020. If you have more than ₹5 lakh in one bank, the excess is uninsured. What's in this guide What is DICGC and how does it work? How the ₹5 lakh limit actually works — with examples Which banks are covered? What types of deposits are covered? What to do if you have more than ₹5 lakh How joint accounts are treated FAQ What Is DICGC and How Does It Work? The Deposit Insurance an...