Sign up now
to enroll in courses, follow best educators, interact with the community and track your progress.
5 lessons,
1h 6m
Banking 1- NDTL, Bank Run, DICGC
4,747 plays

Banking 1- NDTL, Bank Run, DICGC

Israel Jebasingh
Director of Officers IAS Academy. IAS Officer of 2004 Batch with AIR 59.

Unacademy user
thanks a lot mam.....much needed..please continue this course.....I have not taken the subscription now but will take soon...till then provide quality lessons here just like you provide now....thanks again !!
Nice sir, plz arrange remaining indian economy classes sir...........plz
Excellent Sir..Khb sundorr sir ..Plz Continue
The man who deposited Rs 10,000 crore will get Rs 10,000 crore plus Rs 1,00,000 or only Rs 1,00,000 after bankruptcy of bank?
Only Rs 1 lakh he will get.
Akash Kumar
a year ago
Thank you very much for your reply sir. But that would not be fair for that person who has deposited his hard earned Rs 10,000 crore. Does this mean that he has lost his remaining Rs 99,999,900,000 which is a huge loss by all means? Or will he be compensated for his loss later or any time after that, because i am feeling sad for that person.
He will lose. Only Rs 1 lakh he will get. Only that is the maximum insurance
Akash Kumar
a year ago
Thank you sir for clearing my doubts. So in that case people who have deposited 1 Lack or less than that should run to bank if the situation so arise and people having more money than 1 Lack should not rush to banks to avoid any chance of a bank run. Bank Run must be considered as a natural calamity then.
Thanks Sir. I was Waiting for your course. your course on understanding basics of economics was wonderful.
  1. Banking 1 Banking-NDTL, Bank Run, DICGC

  2. Introduction . R A Israel Jebasingh 2004 Batch IAS Director, Officers IAS Academy



  5. RRB

  6. Net Demand and Time Liabilities .Demand Liabilities- Current Account and Savings Account Time Liabilities . Fixed Deposit, Recurring Deposit

  7. 1o7 2A1000 tO 700

  8. RolDo House ( LOAN 1.14%

  9. Bank Run

  10. 10

  11. DICGC insures all bank deposits, such as saving, fixed, current, recurring deposits for up to the limit of Rs. 100,000 of each deposits in a bank. In the event of the winding up or liquidation of an insured bank, every depositor of the bank is entitled to payment of an amount equal to his deposits held by him Each depositor in a bank is insured up to a maximum of 1,00,000 (Rupees One Lakh) for both principal and interest amount held by him in the same right and same capacity as on the date of liquidation/cancellation of bank's licence or the date on which the scheme of amalgamation/merger/reconstruction comes into force 12