<P> 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 . </P>
who pays the cost of deposit insurance with the igcc
Deposit Insurance and Credit Guarantee Corporation