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Insurance Scheme for Cooperative Bank Depositors

Dated:- 8-5-2015 - All eligible cooperative banks as defined in the Section 2 (gg) of the Deposit Insurance and Credit Guarantee Corporation Act, 1961 (DICGC Act) are covered under the Deposit Insurance Scheme. At present, all cooperative banks in al .....

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16 (1) of the DICGC Act, the current insurance cover available per depositor per bank in the same right and capacity is ₹ 1 lakh. The details of insurance premium collected and payments by the Deposit Insurance and Credit Guarantee Corporation .....

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