The FM said in her budget speech that she will bring in an amendment to allow this in the current budget session. Owing to many banks facing stress and putting hardship on their depositors (for instance, YES Bank and PMC Bank), last year the insurance cover on deposits held in a bank was raised from Rs 1 lakh to Rs 5 lakh.from Personal Finance News-Wealth-Economic Times https://ift.tt/36usnQa
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