DICGC Protection — The ₹5 Lakh Safety Net
Most Indians believe their bank deposits are “100% safe” simply because it’s a bank. In reality, your safety has a hard ceiling: ₹5 Lakhs. Beyond that, you are just an unsecured creditor.
- The “Helmet” Analogy: DICGC is a helmet, not a tank—it protects small savings from “accidents” but can’t shield massive wealth in one place.
- The Split Hack: How to legally insure ₹20 Lakhs in a single bank by utilizing different “capacities” like joint accounts and HUFs.
- Principal + Interest: Why you must count your accrued interest toward the ₹5 Lakh limit to avoid losing your gains.
Watch this video to learn how to audit your bank exposure and use the “Split Strategy” to maximize your insurance cover.