97% of bank deposit accounts insured

New RBI data reveals that 42.1% of the total value of bank deposits in India was insured as of September 2025, a slight increase from 41.5% in March.

Written by Saikat Neogi

January 10, 2026 22:21 IST

Deposit Insurance Coverage Hits 42.1% in Q2 FY26

With the current deposit insurance limit of Rs 5 lakh, 42.1% of the total value of bank deposits was insured during the three months to September last year as compared with 41.5% during the three months to March last year, data from RBI show.

Co-operative Banks Lead in Safeguarding Small Savers

Also, about 97.3% of the total deposit accounts were fully insured during the quarter ended September last year. The insured deposit ratio (the ratio of insured deposits to assessable deposits) was higher for co-operative banks at 60.7% as compared with 41.2% for commercial banks.

Surge in DICGC Premium Collection and Fund Stability

Within that, state-owned banks have higher insured deposit ratio as compared with private sector banks. Deposit insurance premium received by the Deposit Insurance and Credit Guarantee Corporation (DICGC) grew 9.6% on-year to Rs 14,382 crore during the first half of FY26.

This article was first uploaded on January ten, twenty twenty-six, at twenty-one minutes past ten in the night.