Bank Deposit Protection Cover from DICGC

Banks do fail. And when a bank fails, the only respite a depositor has is the insurance cover offered by the Deposit Insurance and Credit Guarantee Corporation (DICGC). Know in depth of this insurance, and how to get smarter and get covered for more than the standard insurance of INR 5 lacs...

Covered Bonds - a risky bet

Covered Bonds, at the face of it, seems to mitigate significant risk since they have an additional collateral cover to account for defaults. But the devil is always in the details.