Deposit Insurance : |
DICGC is a wholly owned subsidiary of Reserve Bank of India and is engaged in providing deposit insurance for depositors of banks. |
The Bank’s depositor is insured with DICGC. Each depositor is insured up to a maximum of Rs. 5,00,000/- |
The insurance premium is borne by the bank and the premium is paid in advance on half-yearly basis. |
Savings with “KANAKAMAHALAKSHMI BANK” are secured with good returns