Deposit Insurance plays an important role in protecting especially the small depositors, instill confidence in the banking system and maintain financial stability. Presently, DICGC insures deposit upto Rs/- 5 lakh per depositor of a bank, in the same right and capacity. Deposit Insurance related awareness is also being conveyed by the Reserve Bank of India through its Financial Literacy campaigns.
Coastal Local Area Bank Ltd is registered with DICGC
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