Bank deposit – not bankable1

1. An initiative to promote Financial Awareness by
BISWAJIT DAS
Diploma in Wealth Management – IIFP Delhi, Goal Planning Specialist – EDGE Learning Academy
Relationship Beyond Advising
Bank Deposit – Not Bankable
Effective from Date Insurance Limit
1-Jan-68 Rs. 5,000/-
1-Apr-70 Rs.10,000/-
1-Jan-76 Rs. 20,000/-
1-Jul-80 Rs. 30,000/-
May 1, 1993. Rs. 1,00,000/-
http://www.dicgc.org.in/english/FD_A-GuideToDepositInsurance.html
http://www.dicgc.org.in/english/pdf/2007/AnnualrEnglish/Profile.pdf
Myth – My bank deposit are fully safe.
Reality – Every investors only Rs.1,00,000
(Rupees One Lakh) for both principal and
interest amount is insured.