Which FDs are insured by RBI?
Thank you for writing to us. All deposits with nationalised and private banks are insured by DICGC, a subsidiary of RBI. FDs on Stable Money with Utkarsh Small Finance Bank and Shivalik Finance Bank FDs are insured for up to ₹5 Lakhs.
As per RBI, any deposits in a bank, including FDs, are insured up to ₹5 Lakhs per depositor per bank. The insurance amount includes your deposited amount and the interest earned on that deposit. This insurance is provided by DICGC which is an RBI subsidiary. The ₹5L insurance is applicable for deposits such as savings, fixed, current, recurring, etc. It covers your deposits in each bank separately.