Deposit Insurance and Credit Guarantee Corporation (DICGC) Subject – Economy Context – The PM noted that the deposits worth Rs 76 lakh crore were insured under the Deposit Insurance and Credit Guarantee Corporation (DICGC) Act providing full coverage to around 98 per cent of bank accounts. Concept – To know about DICGC, please […]

Subject: Government organization Context: Government had recently upped the deposits insured by Deposit Insurance and Credit Guarantee Corporation (DICGC) from ₹1 lakh (fixed in 1993 when the insurance scheme was started) to ₹5 lakh following the PMC Bank fiasco of 2019 Concept: Deposit insurance is a protection cover for deposit holders in a bank when the bank […]