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RBI Rules May 2025: If a bank sinks, you will get this much money back, know the RBI rules

Bank collapse Rules: Most people open bank accounts thinking that their money will be safe. Thinking this, they also deposit money in the account, but it cannot be said when the bank will collapse (bank collapse amount back rule). In such a situation, the customer starts worrying about the money deposited in the bank. In this situation, the customer will get back only the fixed amount as per the limit. RBI has fixed rules for returning the money (cash deposit rules) on this. Let us know how much money the account holder will get back if the bank collapses.

 
RBi Rules may

Breaking News - (bank bankrupt rules). RBI has set many rules to keep the banking system running properly. As a part of these rules, rules have also been made to return the money to the account holder in case of bank collapse (reserve Bank of India update).

This money is returned only up to a limit. That means if the bank sinks, the customer who has lakhs of rupees deposited in his account (bank account news) may suffer a loss. 

Out of this, only a small amount of money is returned to the customer if the bank sinks, know in the news how much money will be returned if the bank sinks. 

The rule applies to these banks- 

RBI regulates the Deposit Insurance and Credit Guarantee Corporation. All the banks of the country come under it. Cooperative banks, rural and other banks have to pay this compensation or insurance amount. All customers get a maximum guarantee of Rs 5 lakh (bank deposit guarantee). 

If money is deposited in a cooperative society, then your account will not come under this rule because DICGC rules do not apply to cooperative societies.

Earlier the limit was up to Rs 1 lakh-

RBI protects the money of bank customers as well as their rights (account holder rights). Crores of customers have huge deposits of money in banks across the country. 

If the bank sinks, then the bank provides insurance (bank deposit insurance) cover for the customers' money. This amount is given by the Deposit Insurance and Credit Guarantee Corporation. Its limit is now Rs 5 lakh, which was Rs 1 lakh earlier. 

When money is deposited in FD and bank account-

If the bank collapses, whether it is an FD or any other savings account, all your deposits will be counted including the FD. If it is less than five lakhs, you will get the entire amount back. 

If the amount is more than five lakhs, you will get only five lakh rupees back. According to DICGC, which comes under RBI, the maximum insurance (RBI insurance on bank bankrupt) is only five lakh rupees. This includes everything including principal and interest.

Rules for having more than one bank account-

If you keep deposits by opening accounts in different banks (multi bank accounts), then the benefit to the customer is that the risk of two banks collapsing simultaneously is very low. 

If both the banks in which you have accounts collapse (bank doobne par niyam) then you can get Rs 5 lakh each from both the banks. You will get this amount only when you have more than Rs 5 lakh deposited in your bank account (cash deposit rules). 

Having more than one account in the same bank-

If you have accounts in different branches of a bank, then the accounts will be considered as one and if the bank collapses (bank news), compensation of Rs 5 lakh will be given.