What amount will you get if the bank goes bankrupt or closes? Know here

Bank Safety Rules 2025: People earn money from jobs and businesses and deposit money in the bank. For years people have trusted the bank. So some people invest in gold. Due to which they invest money in gold instead of depositing it. But have you thought what will happen if the bank in which you have deposited money sinks, or goes bankrupt.

So what will happen? This has happened with many such banks in the country in recent years. Due to which bank customers start thinking. People definitely think that if the bank goes bankrupt or closes for any reason, then what will happen to the deposited money.

When will we get it? What is the rule in case of sinking of money kept in big banks in the country? So that people do not have any problems. So we are giving you this special information. Let us tell you that most people deposit their money in big banks, especially government banks.

How much money will you get if the bank sinks?s

If you have deposited money in a bank and if that bank sinks, then there is insurance under DICGC. Due to which, insurance of Rs 5 lakh is guaranteed under this condition. However, cooperative societies do not come under the purview of this rule. The maximum amount of insurance available under DICGC will be Rs 5 lakh. All commercial banks of the country (foreign banks, rural banks, cooperative banks) have been included under the scheme.

If accounts are opened in multiple branches of the same bank in someone’s name, then all accounts will be considered as one. Due to which the amount of all will be ad, and if the total amount is less than Rs 5 lakh, then the amount deposited will be given. If someone has more than Rs 5 lakh deposited, then only Rs 5 lakh will be given. However, an amount above Rs 5 lakh will not be given.

What will happen to FD savings schemes?

In any bank, customers invest money in FD savings schemes according to their needs. However, if the condition of a bank deteriorates, due to which it goes bankrupt or sinks, then the amount deposited in FDs and savings schemes of the customers will be affected. By adding the amount deposited in savings or FDs, you will be given a maximum amount of Rs 5 lakh.

If after adding all the amounts, the amount is less than Rs 5 lakh, then that much will be given. But if the amount is more than Rs 5 lakh, then the customers will suffer a loss, and only an amount up to Rs 5 lakh will be compensated.