Delhi High Court division bench was hearing a 2017 petition, where the petitioner had moved against the limit set by the DICGC of a maximum insurance of all deposits including savings, fixed, current, recurring at a maximum of Rs.1 lakh, which has subsequently been raised to 5 lakhs.
The Rs 5 lakh limit in the insurance provided for fixed deposits is definitely not enough, agree participants in India Legal’s Special Show on APN News Channel