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🏦 What’s up with the Silicon Valley Bank Collapse?
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Important to know! 👇🏼
What happens to your money if a bank collapses India?
In India, Bank deposits are currently secured up to Rs 5 lakh per person per bank, at all:
- Commercial banks such as State Bank of India, HDFC Bank, etc;
- All urban cooperative banks, such as Saraswat Bank, Cosmos Bank, etc;
- And even payments banks such as Paytm Payments Bank, Airtel Payments Bank, etc.
The government of India provides deposit insurance for bank deposits. If a bank fails, the DICGC will provide insurance coverage up to Rs 5 lakh for each depositor per bank.
What if you have Rs 5 lakh each deposited in two different banks? 🤨
- If a depositor has money in 2 different banks, then both deposits will be covered separately to the extent of Rs 5 lakh each under the deposit insurance coverage.
- If an individual has two accounts in the same bank with an amount totalling more than Rs 5 lakh, then the total cover will be limited to Rs 5 lakh.
Did you know? 🇮🇳
As per the Government of India, the depositors of India are given the largest coverage available anywhere in the banking system in the entire world.
What happens to your money if a bank collapses India?
In India, Bank deposits are currently secured up to Rs 5 lakh per person per bank, at all:
- Commercial banks such as State Bank of India, HDFC Bank, etc;
- All urban cooperative banks, such as Saraswat Bank, Cosmos Bank, etc;
- And even payments banks such as Paytm Payments Bank, Airtel Payments Bank, etc.
The government of India provides deposit insurance for bank deposits. If a bank fails, the DICGC will provide insurance coverage up to Rs 5 lakh for each depositor per bank.
What if you have Rs 5 lakh each deposited in two different banks? 🤨
- If a depositor has money in 2 different banks, then both deposits will be covered separately to the extent of Rs 5 lakh each under the deposit insurance coverage.
- If an individual has two accounts in the same bank with an amount totalling more than Rs 5 lakh, then the total cover will be limited to Rs 5 lakh.
Did you know? 🇮🇳
As per the Government of India, the depositors of India are given the largest coverage available anywhere in the banking system in the entire world.
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Doctors vs. Rajasthan's Right to Health Act! 🔴
- Doctors of private hospitals are on strike against the law & want the law to be taken back.
Why are doctors opposing it? 🤔
- Doctors contend that it will give bureaucratic control on private hospitals.
- No clarification on what an "emergency" is.
- Doctor also fear "exploitation" by patients.
- Doctors also said the bill would put financial burden on private hospitals.
Government's response 👇
The joint secretary of the health department issued an order to medical college principals directing them to take disciplinary action against the doctors going on leave without approval.
- Doctors of private hospitals are on strike against the law & want the law to be taken back.
Why are doctors opposing it? 🤔
- Doctors contend that it will give bureaucratic control on private hospitals.
- No clarification on what an "emergency" is.
- Doctor also fear "exploitation" by patients.
- Doctors also said the bill would put financial burden on private hospitals.
Government's response 👇
The joint secretary of the health department issued an order to medical college principals directing them to take disciplinary action against the doctors going on leave without approval.
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