Finance, Forex and Investments

Are funds in Indian banks insured?

Are funds in Indian banks Resident & Non-resident accounts insured? If yes, upto what amount? Where can I get more details on this fact.

Public Comments

1. The answer isn't a simple "yea" or "nay" - read this link from RBI for a detailed FAQ about deposit insurance in Indian banks: http://www.rbi.org.in/Scripts/FAQView.aspx?Id=64 Simple answer for most commercial banks is yes for upto Rs. 1 lakh. Hope this helps!