is there any insurance company in India that can insure bank deposits?



I am willing to pay the premium so that the insurance shud cover the complete deposit amount other thn the 1lac tht RBI gurantees..

is there any insurance company in India that can insure bank deposits?
Rate these answers

3 Replies to “is there any insurance company in India that can insure bank deposits?”


  1. I think you should not invest in large sums in co-operative and private sector banks and keep your money with PSU Banks.
    It is true that RBI insures all the depositors up to one lakh rupees but you should understand that atleast 25% of your deposit amount is kept with the government in the form of statutory liquidity ratio (SLR) and Cash Reserve Ratio(CRR).
    The government cannot default on its payment to the banks.






Leave a Reply

Your email address will not be published. Required fields are marked *