<P> A maximum of Rs 1 , 00,000 is insured for each user for both principal and interest amount . If the customer has accounts in different banks , they all account are insured to a maximum of Rs 1 , 00,000 . However , if there are more accounts in same bank , they all are treated as a single account . The insurance premium is paid by the insured banks itself . This means that the benefit of deposit insurance protection is made available to the depositors or customers of banks free of cost . The Corporation has the power to cancel the registration of an insured bank if it fails to pay the premium for three consecutive half - year periods . The Corporation may restore the registration of the bank , which has been de-registered for non-payment of premium , if the concerned bank makes a request in this behalf and pays all the amounts due by way of premium from the date of default together with interest . </P>
<P> A maximum of Rs 1 , 00,000 is insured for each user for both principal and interest amount . If the customer has accounts in different banks , they all account are insured to a maximum of Rs 1 , 00,000 . However , if there are more accounts in same bank , they all are treated as a single account . The insurance premium is paid by the insured banks itself . This means that the benefit of deposit insurance protection is made available to the depositors or customers of banks free of cost . The Corporation has the power to cancel the registration of an insured bank if it fails to pay the premium for three consecutive half - year periods . The Corporation may restore the registration of the bank , which has been de-registered for non-payment of premium , if the concerned bank makes a request in this behalf and pays all the amounts due by way of premium from the date of default together with interest . </P>
who pay the cost of deposit insurance with digcc
who pay the cost of deposit insurance with digcc
the insured banks
the insured banks