Bank deposit cover may be doubled to Rs 2 lakh - Business News: Latest Share Market , Economy & Finance News | Trendmergers

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Bank deposit cover may be doubled to Rs 2 lakh

RBI data showed more than 78% of PMC Bank depositors had deposits below Rs 50,000. As per an SBI analysis, 61% of the total deposit accounts in India are under Rs 1 lakh, around 70% are under Rs 2 lakh and 98.2% are under Rs 15 lakh.

from Industry-Economic Times
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