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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 all States and Union Territories are covered under the scheme. Union Territories of Lakshadweep and Dadra and Nagar Haveli do not have any Cooperative Bank. Cooperative Societies, not being banks, are not covered under deposit insurance. Under Section .....

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