With the passage of Deposit Insurance Credit Guarantee Corporation Bill, depositors of troubled lenders would be able to retrieve up to Rs 5 lakh from their bank accounts within 90 days, Union Minister Anurag Thakur said. Apart from DICGC Bill, the Cabinet has also cleared the proposed amendments to Limited Liability Partnership Act.Cabinet Briefing Highlights: DICGC Bill cleared by Cabinet, bank deposits up to Rs 5 lakh to be insured, says FM Sitharaman
With the passage of Deposit Insurance Credit Guarantee Corporation Bill, depositors of troubled lenders would be able to retrieve up to Rs 5 lakh from their bank accounts within 90 days, Union Minister Anurag Thakur said. Apart from DICGC Bill, the Cabinet has also cleared the proposed amendments to Limited Liability Partnership Act.
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