How safe are FDs in nationalized banks. will I lose my money in case of default by my bank

- charanpreet singh | 850 days ago


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    Manish Kothari
    849 days ago

    With the increasing frauds in the nationalized banks, investors have started to lose confidence in these banks and are concerned whether to go forward with an FD account in this or not. 

    The answer to this is subjective. RBI governs these banks with strict rules and statutes especially after the irregularities found. Moreover, the deposits are protected up to Rs 5,00,000 by the DICGC i.e., Deposit Insurance and Credit Guarantee Corporation. These banks over the years have develope

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