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PM To Address Depositors At Bank Deposit Insurance Programme On Dec 12

Union Finance Minister, MoS Finance and RBI Governor will also be present on the occasion.

Photo Credit : PMO

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Prime Minister Narendra Modi

Prime Minister Narendra Modi is going to address the function on  “Depositors First: Guaranteed Time-bound Deposit Insurance Payment up to Rs. 5 Lakh” on 12th December 12 in Vigyan Bhawan, informed the Prime Minister Office (PMO). 

According to the PMO, deposit insurance covers all deposits such as savings, fixed, current, recurring deposits, etc. in all commercial banks functioning in India. Deposits in the state, central and primary cooperative banks, functioning in States/Union Territories are also covered. In a path-breaking reform, Bank deposit insurance cover was enhanced from Rs. 1 lakh to Rs. 5 lakh.

Union Finance Minister, MoS Finance and RBI Governor will also be present on the occasion.


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pm depositors Bank Deposit Insurance Programme