{
 "name": "India Deposit Insurance (DICGC) coverage limit & key metrics",
 "unit": "INR (coverage limit) and assorted metrics",
 "dashboard": "https://bankpulse.ai/dashboards/deposit-insurance/",
 "source": "DICGC (RBI subsidiary) Annual Report, coverage-limit notifications and RBI publications",
 "reviewed_by": "Vikram Jain",
 "license": "https://creativecommons.org/licenses/by/4.0/",
 "updated": "2026-06-20T05:11:26+05:30",
 "dateModified": "2026-06-20T05:11:26+05:30",
 "method": "Statutory coverage-limit history (factual record) plus current DICGC metrics (rounded & approximate)",
 "note": "Coverage limit is Rs 5,00,000 per depositor per bank since 4 Feb 2020 (raised five-fold from Rs 1 lakh). ~97.8% of accounts fully protected; insured deposits ~Rs 94 lakh crore (~43% of assessable deposits); flat premium 12 paise per Rs 100. Current metrics rounded & approximate and NOT in the Verified-numbers ledger.",
 "coverage_limit_history": [
  {
   "effective_year": "1962",
   "limit_inr": 1500,
   "limit_label": "Rs 1,500",
   "note": "Deposit insurance introduced in India (DICGC's predecessor)"
  },
  {
   "effective_year": "1968",
   "limit_inr": 5000,
   "limit_label": "Rs 5,000",
   "note": "Limit raised as the scheme widened to more banks"
  },
  {
   "effective_year": "1970",
   "limit_inr": 10000,
   "limit_label": "Rs 10,000",
   "note": "DICGC formed (1971) by merging deposit insurance & credit guarantee"
  },
  {
   "effective_year": "1976",
   "limit_inr": 20000,
   "limit_label": "Rs 20,000",
   "note": "Coverage limit doubled"
  },
  {
   "effective_year": "1980",
   "limit_inr": 30000,
   "limit_label": "Rs 30,000",
   "note": "Coverage limit raised again"
  },
  {
   "effective_year": "1993",
   "limit_inr": 100000,
   "limit_label": "Rs 1,00,000",
   "note": "Limit raised to Rs 1 lakh (effective 1 May 1993) — held for 27 years"
  },
  {
   "effective_year": "2020",
   "limit_inr": 500000,
   "limit_label": "Rs 5,00,000",
   "note": "Limit raised five-fold to Rs 5 lakh (effective 4 Feb 2020)"
  }
 ],
 "current_metrics": [
  {
   "metric": "Coverage limit",
   "value": "Rs 5,00,000",
   "approximate": true,
   "note": "Per depositor per bank, principal + interest combined (since 4 Feb 2020)"
  },
  {
   "metric": "Fully protected accounts",
   "value": "~97.8%",
   "approximate": true,
   "note": "Share of total deposit accounts fully covered by the Rs 5 lakh limit"
  },
  {
   "metric": "Insured deposits",
   "value": "~Rs 94 lakh crore",
   "approximate": true,
   "note": "Total deposits protected across all insured banks"
  },
  {
   "metric": "Insured-to-assessable ratio",
   "value": "~43%",
   "approximate": true,
   "note": "Insured deposits as a share of total assessable deposits"
  },
  {
   "metric": "Deposit-insurance premium",
   "value": "12 paise per Rs 100",
   "approximate": true,
   "note": "Annual premium banks pay on assessable deposits (flat rate)"
  },
  {
   "metric": "Insured banks",
   "value": "~1,990",
   "approximate": true,
   "note": "All commercial banks plus eligible cooperative banks"
  },
  {
   "metric": "Reserve ratio (DIF)",
   "value": "~2.1%",
   "approximate": true,
   "note": "Deposit Insurance Fund as a share of insured deposits"
  }
 ]
}