Access to insured deposits under DICGC Act

Safety of depositor’s money is vital for the growth of banks. Analyze. Also, highlight the measures taken by the Government to safeguard depositor‘s money. (250 Words)

Approach:

• Introduce by giving a brief overview about banking sector in India
• Enumerate the need of safer of depositors money
• Enumerate the threat to deposits in bank
• List the steps taken by Government to safeguard depositors money
• Way forward and Conclusion