The document discusses financial awareness initiatives by promoting awareness about bank deposit insurance limits in India. It provides a brief history of increasing deposit insurance limits over time from Rs. 5,000 in 1968 to the current limit of Rs. 1,00,000 set in 1993. It aims to dispel the common myth that all bank deposits are fully safe by highlighting the reality that only the first Rs. 1,00,000 of an individual's principal and interest amount is insured for each bank.

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
Call – 9339288488, Mail – dbiswajitifcs@gmail.com
https://www.linkedin.com/pub/biswajit-das/1a/504/148 https://twitter.com/dbiswajitifcs https://www.facebook.com/dbiswajit.ifcs
Bank Deposit – Not So 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 –The principal and interest amount of
only Rs.1,00,000 (Rupees One Lakh) of every
investor is insured.