In Budget 2025 (Budget 2025), where many big announcements were made for the common people, it also includes the announcement of tax free of tax up to Rs 12 lakh, while the Reserve Bank of India (RBI) soon after this Five years later, he suddenly gave a good news by cutting the repo rate. Now the government is planning to give another big relief, which is directly related to your bank account. Let’s know about it in detail …
Insurance cover will increase on the amount deposited in the bank!
According to the PTI report, the central government can decide to increase the insurance cover on the amount deposited in the bank. Till now this limit is five lakh rupees and the government is seriously considering to increase it. This has been said by quoting the top official of the Finance Ministry. Financial Service Secretary M Nagaraju says that as soon as this proposal gets the approval of the government, its notification will be issued.
What is the limit now?
Talking about the moment, if your bank sinks, even if you have 15 or 20 lakh rupees deposited in your account, but only 5 lakh rupees are available. This deposit is an insurance cover under the Insurance and Credit Guarantee Corporation Act (DICGC) and the government is now considering giving relief to the bank account holders by increasing this cover. However, information about how much can be increased in it has not been revealed.
Recently I have drowned this bank
Significantly, recently the New India Co-operative Bank scam has come out and it is under RBI. After this scam surfaced, there has been a matter of making such provision from the government. It is said here that in the year 2020, the insurance limit of DICGC was also increased when the PMC bank scam came out. At that time this limit has been increased from Rs 1 lakh to Rs 5 lakh.
Finance Secretary said this big thing
Responding to the questions arising about the status of cooperative banks during an event in Mumbai on Monday, Finance Secretary Tuhin Kant Pandey said that cooperative banks are in good position in the country and only a bank’s bankruptcy An opinion should not be formed about. This is a well -regulated sector.