 "rupee")
The Deposit Insurance and Credit Corporation will get 30 days to authenticate claims of depositors of a failed bank after it receives a list of outstanding deposits from the lender.
According to the Deposit Insurance and Credit Guarantee Corporation (Amendment) Bill, 2021 passed by Rajya Sabha Wednesday, depositors of a stressed bank, put under moratorium, will be able to withdraw up to Rs 5 lakhs within 90 days.
Once a stressed bank is put on moratorium, DICGC will be liable to pay depositors an insured amount of Rs 5 lakh. A list showing the outstanding deposits of each depositor of
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