who pays the cost of deposit insurance with the igcc
Deposit Insurance and Credit Guarantee Corporation Deposit Insurance and Credit Guarantee Corporation (DICGC) is a subsidiary of Reserve Bank of India. It was established on 15 July 1978 under Deposit Insurance and Credit Guarantee Corporation Act, 1961 for the purpose of providing insurance of deposits and guaranteeing of credit facilities. DICGC insures all bank deposits, such as saving, fixed, current, Recurring_deposit for up to the limit of Rs. 100,000 of each deposits in a bank.[1]
Deposit (politics) In the Republic of India, candidates for election to the lower house of the parliament – Lok Sabha – must pay a security deposit of ₹ 25,000. For state assembly elections the amount is ₹ 10,000. For Scheduled castes and scheduled tribes candidates the amounts are 12,500 and 5,000 respectively. A defeated candidate who fails to secure more than one-sixth of the total valid votes cast in a first-past-the-post voting system would both forfeit his or her deposit and bail rights.[2][3][4][5]