How to check if your bank deposit is covered by DICGC

The DICGC insures bank deposits up to ₹5 lakh per person, but you must verify if your bank is on their official register. This guide explains how to find the list of insured banks, how the limit applies across your accounts, and why neobank users need to check their partner bank instead.

By Qrates research desk · 2026-10-27

You can verify your bank's insurance status by searching the official register of the Deposit Insurance and Credit Guarantee Corporation. The DICGC is a subsidiary of the Reserve Bank of India that insures bank deposits up to ₹5 lakh per person. This guide explains how to find your bank on their list and how the 5 lakh limit works for your accounts.

Quick answer: How to check if your bank is covered by DICGC

Go straight to the official DICGC website at dicgc.org.in. Click on the List of Insured Banks section on the homepage. Search for the exact licensed name of your bank in the list. If your bank appears there, your deposits are insured up to ₹5 lakh for principal and interest combined.

What you need before you start

You need the exact legal name of your bank to search the register accurately. You can find this name printed on the first page of your bank passbook or your cheque book. You can also find it at the top of your official account statement.

Do not use the marketing name of a neobank app to search the register. Neobanks are not banks, so their brand names will not appear on the official list. You must find the name of the licensed partner bank that actually holds your money.

You also need a phone or computer with an active internet connection. The official register is only available online through the official website. The corporation does not publish the full list in newspapers or physical booklets.

It helps to know whether your institution is a commercial bank, a small finance bank or a regular bank. The DICGC website divides the register into these specific categories. Knowing your bank type allows you to filter the list and find your institution faster.

Step-by-step: How to find your bank on the DICGC register

Follow these exact steps to check the official database.

Open your web browser and type in dicgc.org.in to visit the official website.
Tap on the Depositor Information menu located near the top of the homepage.
Select List of Insured Banks from the dropdown options that appear.
Choose the category that matches your bank, such as Commercial Banks, Local Area Banks, or Cooperative Banks.
Scroll down the page or use your browser's search function to find the exact name of your bank.

Finding your bank on this list is the only way to confirm your deposits are insured (dicgc.org.in). The website updates this list regularly when new banks receive licences or old banks merge. If a bank loses its licence, the corporation removes it from the active list.

How the ₹5 lakh limit works across your accounts

The DICGC deposit insurance limit is ₹5 lakh per person per bank. This maximum limit includes both the principal amount you deposited and the interest you have earned. If your bank fails, this is the absolute maximum amount you will receive from the corporation.

Savings, current and fixed deposits

The ₹5 lakh limit applies to the total of all your deposits in one single bank. The DICGC adds together your balances across savings accounts, current accounts, fixed deposits and recurring deposits. They do not treat these as separate accounts for insurance purposes.

If you have ₹3 lakh in a savings account and a ₹4 lakh fixed deposit in the same bank, your total balance is ₹7 lakh. The DICGC will only cover ₹5 lakh of this total amount. You will lose the remaining ₹2 lakh if the bank is liquidated.

To protect a larger amount, you must open accounts in completely different licensed banks. Placing ₹5 lakh in one bank and ₹5 lakh in another bank gives you ₹10 lakh of total coverage.

Multiple branches of the same bank

Deposits held across different branches of the same bank are also added together. Opening accounts at two different branches in different cities does not give you two separate insurance limits. The corporation looks at your total relationship with the legal banking entity.

If you keep ₹4 lakh at a branch in Mumbai and ₹3 lakh at a branch in Pune of the same bank, your total is ₹7 lakh. The insurance cover remains capped at ₹5 lakh for that specific bank. The location of the branch does not change how the limit is calculated.

Joint accounts versus single accounts

Joint accounts get a separate ₹5 lakh limit only if the first holder is different. The DICGC treats accounts with different primary holders as entirely separate entities. This is a legal way to increase your insurance coverage within the same bank.

If you hold a single account with ₹5 lakh, it is fully covered. If you and your spouse hold a joint account where your spouse is the primary holder, that account gets its own ₹5 lakh limit.

Account type	First holder	Second holder	Total DICGC cover
Single account	Person A	None	₹5 lakh
Joint account	Person B	Person A	₹5 lakh
Joint account	Person A	Person B	Added to the single account limit

NBFC deposits are not covered by DICGC insurance under any circumstances. If you place a fixed deposit with a non-banking financial company, you take on the full risk of that company failing.

How long it takes and what it costs

Checking the DICGC register is entirely free and takes about two minutes. You do not need to create an account, log in, or provide your phone number to view the list of insured banks. The database is public and open to anyone.

If the RBI restricts your bank from returning money, the DICGC claim process also costs you nothing. The bank will compile the necessary claim forms and submit them to the DICGC on your behalf. You do not have to hire an agent or pay a fee to get your insured money.

The DICGC must pay eligible depositors within 90 days of the RBI imposing a withdrawal freeze (rbi.org.in). During the first 45 days, the bank must submit the claims to the corporation. The 90-day payout process ensures the corporation verifies and pays the claims within the next 45 days.

If it does not work: What to do if your bank is missing

If you cannot find your institution on the register, check if you searched for a neobank brand name. You can check the banking apps directory to identify the underlying RBI-licensed partner bank for your neobank. Once you know the partner bank, search for that exact name on the DICGC website.

Verify if your institution is actually a Non-Banking Financial Company. Many companies offer fixed deposits but do not hold banking licences. NBFCs are legally not covered by DICGC, so they will never appear on the insured list.

You can also ask your branch manager for their DICGC registration number. Every insured bank receives a printed certificate of registration from the DICGC. The branch manager should be able to show you this certificate to confirm their active status.

FAQs

Is my FD safe if the bank fails?

Your fixed deposit is safe up to ₹5 lakh if the bank is on the DICGC register. This limit includes both your original deposit amount and the interest it has earned. Any amount above ₹5 lakh is at risk if the bank fails and closes down.

Are cooperative banks covered by DICGC?

Cooperative banks are covered by DICGC as long as they hold a valid RBI licence. They must also appear on the official insured list on the DICGC website. Unlicensed cooperative societies do not get this insurance protection.

Does DICGC cover ₹5 lakh per account or per person?

The DICGC covers ₹5 lakh per person per bank, not per account. All your individual accounts in the same bank are grouped together to calculate this single limit. You cannot increase your cover by opening multiple savings accounts in the same bank.

What happens if I have more than ₹5 lakh in a bank?

If you have more than ₹5 lakh in one bank, the DICGC will only pay you exactly ₹5 lakh. Any amount above this limit is lost if the bank fails and is liquidated. The liquidator may pay you a portion of the remaining amount later, but this is never guaranteed.

The short version

The DICGC insures bank deposits up to ₹5 lakh for principal and interest combined.
You can check if your bank is covered by searching the List of Insured Banks at dicgc.org.in.
The ₹5 lakh limit applies to the total of all your savings, current and fixed deposits in one bank.
NBFC deposits are not covered by DICGC insurance.
The DICGC must pay depositors within 90 days if the RBI imposes a withdrawal freeze.