[Weight-Loss]

As per DI CGC Corpo scheme of RBI, present Deposit Insurance coverage is only One lac Rs. since last many years. Looking to inflation within last 20 years, it should be raised at least 10 Lac Rs per depositor. Looking to present global economic crises some national governments have taken such steps, then why not Indian Govtt follow it immediately ?

[B.R.NAGARAJA B]

Majority of deposits in the banks are from lower and middle class people. Keeping in view their capacity to save, this decision might have been taken by the Deposit Insurance company. Yes. I agree with you keeping in view the inflation and enhancement in annual income of these people, it should be raised to Rs. 10.00 lakhs at least.

[Bapubabu Adv. India.]

I heartily agree with the proposal. The Govt instead of running after"Loan Waiver"strategy, which is politically motivated, should have opted for increase in the above scheme.

[raj kumar]

If the cover amount is raised to the level you suggest,then the premiumtoo would be jacked up.Banks would be left with no alternative but torecover the hike from customers through bank charges and also drastic reduction in interest rates on deposits,because a substantial part of the banks'earnings probably go to pay the salaries and wages of the bank staff who clamor for pay hikes every so often.

[delta]

write a letter to the finance minister of India. He might do it if your letter is convincing enough