The government may double the insurance cap to ₹10 lakh. Today, 98% of accounts are insured—but only 43% of total deposits
Banks lend long-term but fund with short-term deposits. Insurance stops panic withdrawals during crises
24x7 digital access speeds up withdrawals. A higher insurance limit reduces tech-driven panic
In 2023, panic at Silicon Valley Bank triggered global concern. US regulators protected all deposits to calm markets
Depositors shouldn't have to assess bank risks. Basic banking must come with guaranteed safety
Higher cover must come with tighter regulation. Deposit safety shouldn’t lead to reckless banking