Under Deposit insurance scheme, on liquidation, every depositor is entitled to repayment of his/her deposits up to Rs5 lakh from DICGC. In other words, going by RBI communication, 99.2 percent of the depositors of CKP bank are in the less than Rs5 lakh deposit category.About 99.2% CKP Co-operative Bank depositors to get money back under deposit insurance: RBI
Under Deposit insurance scheme, on liquidation, every depositor is entitled to repayment of his/her deposits up to Rs5 lakh from DICGC. In other words, going by RBI communication, 99.2 percent of the depositors of CKP bank are in the less than Rs5 lakh deposit category.
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