DICGCDeposit Insurance and Credit Guarantee Corporation (India)
References in periodicals archive ?
Till now the claims from DICGC is very few and mostly, such claims have raised only due to failure of a few cooperative banks.
FILING A CLAIM : The DICGC has to pay each depositor through the liquidator within two months of the receipt of the claim list from the liquidator.
DICGC, a wholly owned subsidiary of the RBI, covers all banks including commercial banks, regional rural banks (RRBs) and cooperative banks in the country.
However, they are not allowed to offer insurance for corporate deposits under the DICGC Act.