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RBI update: Recently, a case of bank sinking has come to the fore, in which consumers are facing a crisis. After the ban of RBI, people are not able to withdraw their money. Now the update has come that they will not be able to withdraw more than five lakh rupees. Under this bank deposit insurance scheme, they will get an amount of up to five lakh rupees.

Earlier also, the case of bank sinking has come to the fore. In such a situation, now questions are being raised that if there is more than five lakh rupees in the bank, then what will happen to them? What is the government doing about them? In this case, a big update has come out regarding the safety of the amount above Rs 5 lakh in the bank. Let us know.

Money will be returned from the deposit insurance claim.

When a bank sinks, as per RBI rules, the customer gets money under the deposit insurance claim. Deposit Insurance and Credit Guarantee Corporation pays these claims. The body collects premiums from the banks. Under this, the consumer gets up to five lakh rupees back. Before 2020, this limit was Rs 1 lakh, it has been increased to Rs 5 lakh. Now there is talk of increasing it again.

Update from the government

Secretary of Financial Services Department M Nagaraju has said that the government is considering increasing the limit of deposit insurance from Rs 5 lakh (RBI Update). Work is going on on this proposal. He said this in a press conference in the presence of Finance Minister Nirmala Sitharaman.

Nagaraju said that the issue is to increase the deposit insurance limit. It is being actively considered. Whenever the government approves it, we will issue its notification. Nagaraju refused to comment on the crisis of New India Co-operative Bank. He said that RBI is looking into this case.

90 percent of New India Co-operative Bank customers will get full money

On the other hand, according to media reports, Economic Affairs Secretary Ajay Seth said that the bank is well-regulated under the supervision of RBI. The entire banking sector should not be doubted due to the crisis in one unit. Action is being taken against the guilty units. According to media reports, out of 1.3 lakh account holders of New India Co-operative Bank, the entire amount of 90 percent comes under DICGC insurance, which is five lakh or less. That is, 90 percent will get their full money.

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