Every depositor with the bank would be entitled to receive deposit insurance claim amount of his/her deposits up to a monetary ceiling of Rs 5 lakh from DICGC on the bank's liquidation.
According to the latest Economic Survey 49.1 percent of the total amount held as a deposit with Indian banks is not covered under the Deposit Insurance and Credit Guarant
Pooh Poohing the Unity Small Finance Bank's assurance that 96% of the PMC Bank depositors would be given their money, Deepika Sahani, Coordinator of Account Holders Association said that it is nothing