What Is DICGC Deposit Insurance?

Insurance that repays up to ₹5 lakh per depositor per bank if a bank fails.

Banking

The Deposit Insurance and Credit Guarantee Corporation, owned by the RBI, insures savings, current, fixed and recurring deposits at banks, including small finance and co-operative banks. The cover is ₹5 lakh per depositor per bank, principal and interest together.

Money above ₹5 lakh at one bank is not covered. Spreading deposits across banks keeps more of it insured.

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Savings and Banking

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Savings and Banking3 Oct 2026 · 6 min readZero Balance vs Regular Savings Account: Which One Should You Open?A zero balance account never charges you for a low balance. A regular one often comes with more, and with a minimum you have to keep. Here is what each really gives you, what RBI guarantees on a basic account, and how to choose.Read the guide →

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