DICGC revises the deposit insurance premium

Feb 17, 2020 | by Avantis RegTech Legal Research Team


Finance & Taxation Compliance

The Deposit Insurance and Credit Guarantee Corporation (DICGC) on February 06, 2020, with the prior approval of the Reserve Bank of India (RBI), notifies that the rate at which the insured bank shall be liable to pay premium to the Corporation shall be 12 paise per annum for every Rupees 100 of its deposits with effect from April 01, 2020 to be calculated and paid as stipulated in Regulation 19 of the Deposit Insurance and Credit Guarantee Corporation Regulations 1961.

[Notification No. DICGC/RPIC/2676/02.01.003/2019-20]

 


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