- DICGC, a RBI subsidiary, provides insurance of deposits and guarantees credit
- It provides insurance to all commercial banks and most cooperative banks
- DICGC insures all deposits — savings, fixed, current, recurring — up to a maximum of Rs 1 lakh per depositor
- It covered 2,127 banks and 1682 million accounts in the year of 2015-2016
- Total value of insured deposits stood at Rs 28,26,400 crore at the end of March 2016
- The accumulative claims paid by the DICGC till March 2016 amount to Rs 5,000 cr
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