Who is the head of Dicgc?

Deposit Insurance and Credit Guarantee Corporation

Reserve Bank of India (Specialised Division) overview
Headquarters	Mumbai, India
Reserve Bank of India (Specialised Division) executive	M.D. Patra, Deputy Governor of RBI
Key document	The Deposit Insurance and Credit Guarantee Corporation Act, 1961
Website	www.dicgc.org.in

Where is the headquarter of Dicgc?

Mumbai, India
Deposit Insurance and Credit Guarantee Corporation/Headquarters

How do I contact Dicgc?

Premium	022-2306 2161 / 022-2302 1149 / 022-2302 8239 / 2302 8231 / 2302 8208
Secretary’s Deptt	022-2301 1991
Research Policy and Information Cell	022-2301 1991
Recovery Management / Legal Cell	022-2306 2162
Customer Care Cell	022-2301 9570

When was Dicgc established?

July 15, 1978
Deposit Insurance and Credit Guarantee Corporation/Founded
With a view to integrating the functions of deposit insurance and credit guarantee, the above two organizations (DIC & CGCI) were merged and the present Deposit Insurance and Credit Guarantee Corporation (DICGC) came into existence on July 15, 1978.

Is Bank of India under DICGC?

Deposit Insurance and Credit Guarantee Corporation (DICGC) is a wholly-owned subsidiary of the Reserve Bank of India (RBI).

Is SBI is registered under DICGC?

Deposits up to Rs 5 lakh of SBI customers are insured under DICGC scheme. This scheme covers all bank deposits subject to certain limits and conditions. The State Bank of India has informed its customers that all their deposits are insured under the Deposit Insurance and Credit Guarantee Corporation of India scheme.

Where is Idrbt?

IDRBT is located near the National Mineral Development Corporation (NMDC) intersection, on the road leading to Mehdipatnam from Masab Tank. The Institute is right behind the NMDC and it is about 12 Kms from Secunderabad Railway Station and about 4 Kms from Hyderabad (Nampally) Railway Station.

Which banks are insured by DICGC?

1. Which banks are insured by the DICGC? Commercial Banks : All commercial banks including branches of foreign banks functioning in India, local area banks and regional rural banks are insured by the DICGC.

Which banks are insured by Dicgc?

Is Dicgc statutory?

In India, the bank deposits are covered under the insurance scheme provided by Deposit Insurance and Credit Guarantee Corporation (DICGC), a wholly owned subsidiary of the Reserve Bank of India. DICGC is a statutory body, created by an act of parliament in 1961.

Is ujjivan bank covered under DICGC?

The deposits with the Bank are insured with Deposit Insurance and Credit Guarantee Corporation (DICGC) and in case of liquidation of the Bank; DICGC is liable to pay each depositor through the liquidator, the amount of his deposit up to Rs.

What does DICGC mean?

Deposit Insurance and Credit Guarantee Corporation (DICGC), a wholly-owned subsidiary of the Reserve Bank of India (RBI). It is established by ‘The Deposit Insurance and Credit Guarantee Corporation Act, 1961’ which came into force on January 1, 1962.

Where is the head office of DICGC located?

Head Office of DICGC The Head Office of the DICGC is at Mumbai. We hope you liked the article on functions of DICGC. Here are some useful articles for you to read next:

What is the role of DICGC in deposit insurance?

It is a wholly-owned subsidiary of the RBI and providing deposit insurance is one of the functions of DICGC since 1962. One of the most important functions of DICGC is to provide insurance to the deposits in banks.

What is the future of the DICGC?

The present DICGC will be subsumed into the Resolution Corporation (RC) which will work across the financial system.