How much safe is the money in your bank?

Is it safe to give bank details to dream11? 🇮🇳 Easy 2021People in India trust the banks very much compared to other financial institutions in India,  In India, 80% of the population has a bank account so far the people are depositing their money in bank accounts through the means of savings, current A/C, Fixed deposits, Salary A/C, but is that your money really safe, NO you have only up to 5lakh insurance for the money in your bank. For example,” you have 20lakh in your bank A/C suppose if your bank undergoes losses and if it has to be windup ( closes permanently) you will get only 5lakh insured amount”. That means your bank account is not safe.

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  1. Pingback: What is an Systematic Investment Plan (SIP)

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