DICGC: Out of these 17 co-operative banks, 8 are located in Maharashtra, 4 in Uttar Pradesh, 2 in Karnataka and 1-1 in New Delhi, Andhra Pradesh and West Bengal. The DICGC said that eligible depositors will have to support their claims by valid documents of identity.
DICGC: If your money is deposited in these 17 co-operative banks then there is good news for you. The Deposit Insurance and Credit Guarantee Corporation (DICGC) will make payments to eligible depositors of 17 co-operative banks, including 8 in Maharashtra, in October. The Reserve Bank of India (RBI) had imposed several restrictions, including withdrawals by depositors, in July in view of the deteriorating financial condition of these 17 banks.
What is DICGC Law?
Let us tell you that DICGC, a wholly owned subsidiary of RBI, provides insurance cover on bank deposits up to Rs 5 lakh. The government started the DICGC rule so that small customers of banks have confidence in the banking system and deposit money in the account with full security guarantee. The deposit insurance introduced by DICGC covers all commercial banks, including local area banks and regional rural banks as well as co-operative banks in all states and union territories.
Claim with valid documents
The DICGC said that eligible depositors will have to support their claims by valid documents of identity. Of these 17 co-operative banks, 8 are located in Maharashtra, 4 in Uttar Pradesh, 2 in Karnataka and 1 each in New Delhi, Andhra Pradesh and West Bengal.
Depositors of these banks will get trapped money
Among the corporative banks in Maharashtra are- Sahebrao Deshmukh Co-operative Bank, Sangli Sahakari Bank, Raigad Sahakari Bank, Nashik District Girna Sahakari Bank, Nashik Zilla Girna Sahakari Bank, There are Saibaba Janata Sahakari Bank, Anjangaon Surji Nagari Sahakari Bank, Jaiprakash Narayan Nagari Sahakari Bank and Karmala Urban Co-operative Bank.
According to the DICGC, payments were made to eligible depositors of Uttar Pradesh-based Lucknow Urban Co-operative Bank, Urban Co-operative Bank (Sitapur), National Urban Co-operative Bank (Bahraich) and United India Company Co-operative Bank (Nagina) in October. will go.
Karnataka Shree Mallikarjuna Pattana Sahakari Bank Regularya (Musky) and Shree Sharada Mahila Sahakari Bank (Tumkur) are also included in this list.
Eligible depositors of Ramgarhia Co-operative Bank in New Delhi, Suri Friends Union Co-operative Bank in Suri, Birbhum, West Bengal and Durga Co-operative Urban Bank in Vijayawada, Andhra Pradesh will be paid by DICGC in October.