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Latest DICGC Insured Banks List in India (Updated 2025)

Dev Ashish

As of 2025, which banks in India are insured or covered under the Rs 5 lakh insurance of DICGC? As of 2025, all commercial banks including branches of foreign banks functioning in India, local area banks and regional rural banks are insured by the DICGC. Also, at present all co-operative banks are also covered by the DICGC in India.

So here is the latest DICGC Bank List that are covered under the DICGC insurance of Rs 5 lakh per depositor.

DICGC Insured Banks List in India (2025)

In addition to the above major banks (and small finance banks), there are hundreds of cooperative banks at various levels which are also covered by DICGC. You can check the full list of DICGC insured banks on their website.

And here are few important questions about DICGC’s insurance offered to depositors that you may have:

What does the DICGC insure? – The DICGC insures all deposits such as savings, fixed, current, recurring, etc. deposits.

What is the maximum deposit amount insured by the DICGC? – Each depositor in a bank is insured up to a maximum of Rs 5 lakh (or Rs 500000) for both principal and interest amount held by him in the same right and same capacity as on the date of liquidation/cancellation of bank’s licence or the date on which the scheme of amalgamation/merger/reconstruction comes into force.

What is the ceiling on amount of Insured deposits kept by one person in different branches of a bank? – The deposits kept in different branches of a bank are aggregated for the purpose of insurance cover and a maximum amount of upto Rupees five lakhs is paid.

Does the DICGC insure just the principal on an account or both principal and accrued interest? – The DICGC insures principal and interest upto a maximum amount of ₹ five lakhs. For example, if an individual had an account with a principal amount of 4,95,000 plus accrued interest of 4,000, the total amount insured by the DICGC would be 4,99,000. If, however, the principal amount in that account was five lakhs, the accrued interest would not be insured, not because it was interest but because that was the amount over the insurance limit.

Can deposit insurance be increased by depositing funds into several different accounts all at the same bank? – All funds held in the same type of ownership at the same bank are added together before deposit insurance is determined. If the funds are in different types of ownership or are deposited into separate banks they would then be separately insured.

Are deposits in different banks separately insured? – Yes. If you have deposits with more than one bank, deposit insurance coverage limit is applied separately to the deposits in each bank.

You can read more such questions here on RBI website.

So I hope now you know What is insured under deposit insurance if a bank fails and which are the banks under DICGC Insurance list (2025).

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