Bank Depositors

Remove 'bail-in' clause in FRDI Bill as deposits only way of saving money for elderly, pensioners: Assocham

Assocham Secretary General D S Rawat says bail-in concept especially for depositors should be completely done away with

FRDI Bill: An analysis of global experience explains why depositors in India should be indeed worried

In India, the deposit protection limit is Rs 100,000, roughly one-sixtieth of the value protected in other jurisdictions. The Rs 1 lakh limit was set in 1993, and hasn’t been upgraded since.