Recently a Cooperative Bank (PMC Bank) in India got bankrupted/failed. It is really unfortunate to see depositors waiting for their money. The event has again showcased, that there is Risk in Everything. The concept of RISK-FREE is a myth. Banks can fail & even countries can. But are Bank FD safe in India? If yes,Read More about Is Bank FD Safe? Current RBI Provisions
FRDI bill
Is my Bank Deposit Safe Under FRDI Bill
There is a lot of noise on Social Media on the safety of your bank deposit post the FRDI bill becomes an Act. This bill is debated a lot because it directly impacts the 2 pillars of our lives – Banks & Savings. Today let’s try to find the answer to this buzzing question –Read More about Is my Bank Deposit Safe Under FRDI Bill