Sunday, February 2, 2020

Budget 2020: Deposit Insurance Coverage limit to be increased from Rs 1 Lakh to Rs 5 Lakh per depositor

The Finance minister while presenting Budget 2020 proposes that the Insurance coverage deposit limit will be increased from Rs 1 lakh to Rs 5 lakh per depositor. Nirmala Sitharam also informed the august House that a robust mechanism is in place to monitor the health of all Scheduled Commercial Banks and that depositors’ money is […]

The post Budget 2020: Deposit Insurance Coverage limit to be increased from Rs 1 Lakh to Rs 5 Lakh per depositor appeared first on Taxscan | Simplifying Tax Laws.



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