scorecardresearchA portion of your savings in bank may not be totally secure. We explain why

A portion of your savings in bank may not be totally secure. We explain why

Updated: 25 Aug 2022, 11:37 AM IST
TL;DR.
The Deposit Insurance and Credit Guarantee Corporation (DICGC) protects your money from bank failures and keeps it safe in a bank. Hence, you do not need to be concerned about the security of your funds. Read the article to learn more about it.
DICGC stands for Deposit Insurance and Credit Guarantee Corporation.

DICGC stands for Deposit Insurance and Credit Guarantee Corporation.