| निक्षेप बीमा और प्रत्यय गारंटी निगम | |
| Reserve Bank of India (Specialised Division) overview | |
|---|---|
| Formed | 1978 |
| Jurisdiction | Reserve Bank of India, Ministry of Finance, Government of India |
| Headquarters | Mumbai, India |
| Reserve Bank of India (Specialised Division) executive |
|
| Key document |
|
| Website | www |
Deposit Insurance and Credit Guarantee Corporation (DICGC) is a specialised division of Reserve Bank of India which is under the jurisdiction of Ministry of Finance, Government of India. It was established on 15 July 1978 under the Deposit Insurance and Credit Guarantee Corporation Act, 1961 for the purpose of providing insurance of deposits and guaranteeing of credit facilities.
DICGC insures all bank deposits, such as saving, fixed, current, recurring deposit for up to the limit of Rs. 500,000 of each depositor in a bank.The limit was increased from 1 lakh to 5 lakh on 4th February 2020.[1][2]
- ^ "Srikrishna panel insists on single unified regulator in financial sector". Business Standard. 21 March 2013. Retrieved 23 November 2013.
- ^ "DICGC - About Us - Profile".