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Credit Health · हिन्दी

DICGC

DICGC stands for Deposit Insurance and Credit Guarantee Corporation, a wholly-owned subsidiary of the RBI that insures bank deposits, including savings accounts and fixed deposits, up to ₹5 lakh per depositor per bank. This matters directly for FD-secured credit cards: since your credit limit is backed by a fixed deposit, DICGC insurance means that deposit (principal plus interest, up to the ₹5 lakh cap) stays protected even if the bank itself runs into trouble. If you hold FDs across multiple banks, the ₹5 lakh limit applies separately to each one.

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DICGC
Frequently asked questions
Yes, as long as your total deposits with that bank, principal plus interest, stay within ₹5 lakh. Amounts above that per bank are not covered.
It is automatic for any deposit held with an RBI-insured bank. You do not need to sign up or pay separately for this protection.
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