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DICGC’s general deposit-insurance limit is ₹5 lakh per depositor per bank, including principal and interest—but that does not by itself establish that every NRE, NRO or FCNR(B) balance qualifies. DICGC excludes deposits received outside India in its general FAQ, and its 2025 premium directions list Non-Resident Rupee Accounts and FCNR balances among exclusions for premium-return purposes. Because those statements do not settle every account and funding scenario, confirm how your specific deposit is treated with your bank or DICGC.
What the ₹5 lakh limit means
For deposits that qualify, the Deposit Insurance and Credit Guarantee Corporation (DICGC) covers up to ₹5 lakh per depositor per bank, combining principal and interest. It is not a separate ₹5 lakh allowance for each account. DICGC describes the relevant circumstances as a bank’s liquidation or licence cancellation, specified merger or reconstruction, or an RBI restriction direction. See the DICGC FAQ.
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DICGC’s example shows how interest counts: eligible principal of ₹4,95,000 plus ₹4,000 accrued interest totals ₹4,99,000. If principal alone is ₹5 lakh, any additional interest falls above the insurance cap.
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One free scan finds every outdated or missing driver and matches the right update for your exact hardware.Free scan · exact hardware matchHow DICGC combines deposits
Balances in multiple branches of the same bank are aggregated. Deposits held by the same person in the same right and capacity are combined for the limit, rather than insured separately by account or branch. A different bank has a separate limit. DICGC’s information materials describe these rules; see its FAQ and 2024–25 information leaflet.
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DICGC’s rules also distinguish ownership capacity, including certain different capacities or joint-account configurations. Do not assume that adding accounts or branches at one bank increases cover; ask the bank how your particular ownership arrangements are classified.
What NRE, NRO and FCNR(B) mean
| Account | Currency and type | RBI scheme description |
|---|---|---|
| NRE | Rupees | Non-Resident (External) account scheme for eligible non-residents, with scheme rules on permitted funding and repatriation. |
| NRO | Rupees | Non-Resident Ordinary account for bona fide rupee transactions by a person resident outside India. Permitted credits can include inward remittances and legitimate dues in India, subject to the rules. |
| FCNR(B) | Foreign currency | Foreign Currency (Non-Resident) Bank account held as a term deposit, subject to scheme-specific rules and permitted currencies. |
These are RBI descriptions of account schemes, not individual DICGC coverage decisions. RBI’s Foreign Exchange Management (Deposit) Regulations and its NRI deposit guidance explain the account categories and applicable rules.
What DICGC says about non-resident deposits
DICGC’s general FAQ excludes “Any amount due on account of any deposit received outside India.” Separately, DICGC’s 2025 Master Directions list deposits of Non-Resident Rupee Accounts and balances held in FCNR accounts among items excluded in the context of deposit-insurance-premium returns. The premium-return list is an important official indication, but its stated context does not, on its own, provide a plain-language ruling for every depositor, account status or funding path. See the DICGC FAQ and 2025 Master Directions on DICGC premiums and returns.
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1Repair Windows errors before they cause bigger problems2Fix the driver behind crashes, sound loss and screen glitches3Clear out junk files and repair common Windows errorsThe distinction matters especially for NRO accounts: RBI rules allow certain credits such as legitimate dues in India, so an NRO account should not automatically be equated with a deposit received outside India. The cited DICGC materials do not resolve every combination of funding source, account status and subsequent transaction. Do not infer that all NRE or NRO balances are insured—or that every possible balance has the same treatment—from the account label alone.
How to check your own account
- Confirm the bank’s status. Check whether the bank is covered by DICGC’s scheme using the DICGC list of insured banks.
- Identify the account and balance. Tell the bank whether it is NRE, NRO or FCNR(B), the current account status, and whether the balance includes principal and accrued interest.
- Explain the funding history. Note where the original funds came from and any later credits, including Indian-source credits to an NRO account. Ask how DICGC’s exclusions apply to those facts, rather than asking only whether the account type is covered.
- Ask for a specific answer. Request written clarification from the bank, and contact DICGC if the answer does not resolve the account’s treatment. DICGC’s FAQ advises depositors with doubts to make a specific enquiry with branch officials.
- Calculate the cap across the bank. Add eligible deposits at every branch in the same right and capacity, including interest, before comparing the total with ₹5 lakh.
What deposit insurance does not cover
DICGC’s deposit-insurance scheme applies to eligible bank deposits, not investments such as mutual funds, stocks, bonds, ETFs or cryptocurrencies, and not deposits with NBFCs. Check the product and institution rather than assuming that anything called a deposit or held through a financial company has DICGC protection. DICGC’s overview is available in its FAQ.
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