DICGC: The Safety Net — Awareness Guide

The SPSR Nellore District Cooperative Central Bank Ltd. is a registered insured bank under the Deposit Insurance and Credit Guarantee Corporation (DICGC) Act, 1961. DICGC is a statutory body established by the Reserve Bank of India to provide safety and protection to depositors.

Key Coverage Facts:

• Insurance Limit: Each depositor is insured up to a maximum of ₹5,00,000 (Rupees Five Lakhs) for both principal and interest held in the same capacity and same right.
• Covered Deposits: All types of deposits including Savings Bank Accounts, Current Accounts, Fixed Deposits (Term Deposits), and Recurring Deposits are covered.
• Premium Paid by Bank: The deposit insurance premium is paid entirely by the bank; no charge is levied on depositors.

Awareness Comic Book Highlights: "The Safety Net"

DICGC Official Portal

Scan the QR or visit the official RBI DICGC portal to verify our insured bank status.