depositor | Bank fails, then how much compensation will be given.. what is the rule.. | RBI has now canceled the license of bank depositors, can claim up to five lakhs

depositor | If a bank goes bankrupt, how much does the account holder get?

depositor |  Bank fails, then how much compensation will be given.. what is the rule..

so much money

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New Delhi : If a bank fails, it becomes insolvent. by Reserve Bank of India (Reserve Bank of India) Smt.king license (Banking License) How much amount does the account holder get in case of cancellation?

RBI issued rules for banks, if irregularities are found in any bank, then it imposes penalty on such banks. in bank balance sheet (balance sheet)If there is a huge difference, such banks are closed in the interest of the customer.

After the action of RBI, many banks in the country have had to stay away forever. RBI has already announced the decision to cancel the license of Rupi Cooperative Bank in Maharashtra. Due to this the bank is closed today.

The depositors, account holders of this bank now get a sum insured of up to Rs 5 lakh. Under the Deposit Insurance and Credit Guarantee Corporation Act (DICJC Act 1961) Further action is to be taken.

If you have an account with multiple branches of the same bank, the amount deposited in all the accounts will be calculated. Interest will be calculated on this. You will be given insurance up to Rs 5 lakh only.

If you have accounts in two different banks and both the banks go bankrupt, then both the accounts will be insured up to Rs 5 lakh. Based on that you will be helped.

Earlier the account holders were facing huge financial crunch. He scammed and kept the deposit in the bank and was getting only one lakh rupees as insurance when the bank failed. Union Finance Minister Nirmala Sitharaman has changed this rule.

Deposit Insurance and Credit Guarantee Corporation Act 2021(DICGC) An improvement was made. The insurance limit of Rs 1 lakh has been removed to Rs 5 lakh.

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