PM Modi said in deposit insurance program, depositors will get money back within 90 days even if the bank sinks

 


New Delhi, ANI. Prime Minister Narendra Modi is addressing depositors under the scheme 'Depositors First: Guaranteed Time-Bound Deposit Insurance Payment Up to 5 Lakh' on Sunday. He said that our government has tried to solve another problem by amending the law. Earlier where there was no time limit for refund, now our government has made it mandatory within 90 days i.e. 3 months. Even in case of bank collapse, depositors will get their money back within 90 days.

The Prime Minister said that if any bank comes into trouble today, the depositors will definitely get up to Rs 5 lakh. With this, the accounts of about 98% people have been completely covered.

During this, he said, today is a very important day for the banking sector for the country and for crores of account holders of the country. Keeping the spirit of 'Depositors First: Depositors First' in the name given to today's event is making it more accurate.

PM Modi said that in the last few days, the trapped money of more than one lakh depositors has been deposited in their accounts. This amount is more than about Rs 1300 crores. Today, in this program and even after this, the money of three lakh more such depositors is going to be deposited in their accounts.

He said that the system of insurance for bank depositors in the country was made in the 60s. Earlier, the deposit amount in the bank was guaranteed only on the amount up to Rs 50 thousand, then it was increased to one lakh rupees. Now our government has increased the amount from one lakh to five lakh rupees.

Referring to the bank accounts opened under Jan Dhan Yojana, the Prime Minister said that more than half of these accounts are of women. He said, the impact these bank accounts have on the economic empowerment of women, we have also seen in the recent National Family Health Survey.

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