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Banking 1- NDTL, Bank Run, DICGC
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?
Israel Jebasingh
2 years ago
Only Rs 1 lakh he will get.
Akash Kumar
2 years 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.
Israel Jebasingh
2 years ago
He will lose. Only Rs 1 lakh he will get. Only that is the maximum insurance
Akash Kumar
2 years 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.