The Live Nagpur
  • Nagpur City
  • Nagpur Education
  • Nagpur Sports
  • Business
  • Crime
  • Entertainment & Lifestyle
  • Featured
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary

The Live Nagpur

  • Home
  • Nagpur City
  • Politics
  • Business
  • Nagpur Education
  • Entertainment
  • Nagpur Sports
  • Health
  • Vidarbha
  • Crime
  • Obituary
Business

Grahak Panchayat Maharashtra urges union govt to increase insurance cover on FDs

by TLN Team February 6, 2020
written by TLN Team February 6, 2020
Grahak Panchayat Maharashtra urges union govt to increase insurance cover on FDs

Protecting the interests of the customers in nationalized and cooperative banks, Grahak Panchayat Maharashtra has written to the Prime Minister, Finance Minister and Consumer Protection Minister to increase the amount of insurance cover on FDs. the Grahak Panchayat Maharashtra has demanded that at least Rs 25 lakh insurance coverage on term deposits should be given in view of increased investment. Interest rates and returns on fixed deposits.

Currently, bank customers are offered insurance coverage of only one lakh rupees irrespective of their deposits or the amount invested in the FD.However, in the recent budget the insurance cover has been raised to Rs 5 lakh.However, this cannot improve the situation, and this amount is still low.

People keep all their hard-earned money in banks to pay for daily expenses, medical expenses. Unfortunately, due to the financial frauds in the banks in the recent past, transactions are restricted and customers do not get fixed deposit money and this creates a huge problem. All the future financial planning of the depositors collapses. From 1993, the customers get only one lakh rupees insurance for term deposit insurance. The Damodaran Committee, appointed in 2011, had recommended raising the insurance cover to five lakh rupees, which seems to be implemented in the recent budget.

0 comment
FacebookTwitterLinkedin
TLN Team

previous post
Aapli Bus Ticket Fraud,NMC suspends 22 conductors
next post
Siemens ‘Ingenuity Tour’ to boost technology adoption by SMEs arrives in NAGPUR

You may also like

VIA organize interactive session for “Entrepreneurs & Business...

April 17, 2021

VIA LEW organise sessions on “Health Management during...

April 17, 2021

Coordination between Industry and Local administration to fight...

April 15, 2021

Provide financial aid to traders, NVCC to govt

April 15, 2021

Govt should announce financial relief package for trade...

April 14, 2021

If situation is going out of hands, then...

April 14, 2021

CAMIT President reaction to lockdown announced by CM...

April 13, 2021

Online trading this Gudi Padwa the only option

April 12, 2021

Lets follow the Rules, Be Responsible!! -Nitin Gadkari

April 12, 2021

HRD Forum organizes Webinar on “Dynamics of Industrial...

April 12, 2021

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Trending News

  • Haffkine gets permission to produce covaxin

    April 16, 2021
  • IPL 2021 to start today without spectators; opening match between RCB & MI

    April 9, 2021
  • Justice NV Ramana appointed as new Chief Justice Of India

    April 6, 2021
  • Anil Deshmukh resigns as Maharashtra Home Minister

    April 5, 2021
  • COVID-19 fresh guidelines, private offices, hotels, malls to remain closed

    April 4, 2021

Important Links

  • Politics
  • Crime
  • Business
  • Education
  • Entertainment
  • Sports

Available on Playstore & Coming Soon on Appstore

Search

February 2020
M T W T F S S
« Jan   Mar »
 12
3456789
10111213141516
17181920212223
242526272829  

Sign-Up Form

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

Footer Logo
  • Nagpur City
  • Nagpur Education
  • Nagpur Sports
  • Business
  • Crime
  • Entertainment & Lifestyle
  • Featured
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary
  • Privacy Policy
  • Disclaimer
  • Cookie Policy
  • Terms Of Use
  • Advertise with Us
  • Work with us
  • Contact Us

© 2020 - The Live Nagpur . All Rights Reserved.