Will raise bank deposit insurance to Rs 5 lakh, says FM

Finance Minister Nirmala Sitharaman on Friday announced the government’s decision to raise the Rs 1-lakh insurance cover limit to Rs 5 lakh for greater protection of depositors’ money in banks. if PMC Bank account holder's deposit amount exceeds Rs 1 lakh and the bank goes completely bankrupt, then the depositor can only get Rs 1 lakh. This has come after the re more

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