Guide

A guide to deposit insurance

DICGC Free Beginner India

The deposit insurer's own guide to what is covered when an Indian bank fails, and how the limit is counted.

  • Each depositor is insured up to ₹5 lakh per bank, principal and interest together, across all branches of that bank.
  • Savings, fixed, current and recurring deposits are covered; mutual funds, shares and bonds are not.
  • Deposits at different banks, and accounts held in different capacities, are insured separately.
Open on dicgc.org.in ↗

Curated reading that points you to the sources, not personalised investment advice.

The question it answers

  1. What happens to my savings if my bank fails?

Read with it

  1. The free, India-first grounding in what to do with cash once you have it: goals, allocation, SIPs, and not losing it to fees. Zerodha Varsity Course Personal Finance Zerodha Varsity
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