Cabinet clears DICGC Bill, bank deposits to be insured

Aaj Tak 2021-07-29

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The Union Cabinet, on July 28, cleared the Deposit Insurance and Credit Guarantee Corporation (Amendment Bill), Finance Minister Nirmala Sitharaman said.The Finance Minister said that as per the bill, depositors of troubled banks would get back amounts below Rs 5 lakh within 90 days, even if a bank is put under moratorium by the Reserve Bank of India. Watch the video for more information.

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