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How much is the limit of Deposit Insurance in Other Countries? If Bank Fails, how much Govt Pays
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Have you ever wondered – how much is the limit of deposit insurance in other countries? How much amount is paid by the governments of other countries if a bank fails? In India, the limit of DICGC is Rs.5 Lakhs. Let’s have a look at the limit in other major countries.
| India | Rs. 5 Lakh |
| Russia | 1.4 million rubles = 15,93,111.63 Indian Rupee |
| US | $250,000 = 2,24,49,000 Indian Rupee |
| UK | £120,000 = 1,45,47,912 Indian Rupee |
| Germany | €100,000 = 1,05,79,200 Indian Rupee |
| China | RMB 500,000 = 63,91,770 Indian Rupee |
| Japan | ¥10 million = 57,66,646 Indian Rupee |
| France | €100,000 = 1,05,79,200 Indian Rupee |
| Italy | €100,000 = 1,05,79,200 Indian Rupee |
| Canada | $100,000 (CAD) = 65,67,880 Indian Rupee |
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More than the amount covered how many % of depositors are covered and their number also matters as well as average amount of deposits.