Between the PNB scandal, how safe is your money deposited in the bank?

The bank scam of thousands of crores of rupees have once again raised the question that whether your money is safe in the bank?

New Delhi: The bank scam of thousands of crores of rupees has once again raised the question of how safe is your money in the bank? Can the bank guarantee the matter to the public that even after the crores rupees scam, the money of the general public will be safe? The government, except the bank, is also bringing in such a anti-people bill, after which the banks will get the right to use your money in a friendly manner to improve their condition.

The name of this bill is Financial Resolutions and Deposit Insurance Bill (FDRI). Under this provision of this new bank deposit bill, public sector banks (PSUs) can be given the right to be given that in case of bankruptcy, the bank itself will decide how much money the depositor has to repay. That is, if the bank drops, all the money of the depositor can also be immersed. According to the existing rule, if you have a deposit of up to Rs 10 lakh in the bank and if the bank is submerged then only Rs 1 lakh will be refunded.

However, this bill is currently under consideration of the Joint Committee of Parliament. The government told the Joint Committee in Somaiya meeting with RBI governor Urjit Patel that the government is ready to increase the limit of one lakh rupees to the upper limit. But Urjit Patel is not ready to go above one lakh. He said that if we increase the upper limit then there will be heavy burden on the banks.

Let us know that in the year 1993, the limit of one lakh rupees was fixed. The Joint Committee on FDR said that the RBI is supporting the bill and it is certain that no additional limit of one lakh will be increased

NPA (Non-Performing Assets) of the government banks i.e. bad loan has increased to more than six lakh crores this time. State Bank of India's NPA, the largest government bank of India, has reached Rs. One lakh 88 thousand crore in June this year. These figures show the state of the downfall of the banks. At the same time, governments are pardoning the money of big business people.

What is the current rule

Now the bank guarantees up to one lakh rupees to every depositor. This guarantee is available under the Guarantee Deposit Insurance and Credit Guarantee Corporation (DICGC). That is, if the depositor has deposited 50 lakh rupees and if the bank decides that only one lakh rupees is guaranteed to meet. The remaining amount is deemed to be done as unsafe creditors claim. Although the government is talking about increasing the limit of one lakh, the RBI is against this provision.