Customer Support & Services

DICGC - Deposit Insurance and Credit Guarantee Corporation

At the Nilambur Co-operative Urban Bnak, we want you to understand exactly how DICGC protects your deposits in different account types, like joint accounts or proprietorship setups. This ensures you maximize your coverage up to Rs.5,00,000 per depositor per bank.

Coverage for Joint Accounts

Joint accounts are insured separately based on name order and combinations.

If multiple joint accounts have names in the same order (e.g., A & B, A & B), balances aggregate for Rs.5 lakh total cover.

Different orders (e.g., A & B vs. B & A) or different groups (e.g., A & B vs. A & C) get separate Rs.5 lakh cover each.

Each co-owner can claim up to Rs.5 lakh from their share, plus individual accounts add more protection.

Proprietorship Accounts

Proprietorship deposits (e.g., "ABC & Co." where you're sole proprietor) aggregate with your personal individual accounts for a combined Rs.5 lakh limit.

They are treated as the same capacity/right as your personal holdings.

Other Common Capacities

Guardian for minor: Separate Rs.5 lakh cover from personal accounts.

?Director/partner/trustee: Also separate, as different capacities.

All branches of our bank count together per capacity.

Maximize Your Protection

Combine individual, joint (varying orders), and other capacities to get up to ?5 lakh per type—e.g., a couple could cover Rs.15 lakh total in one bank. Keep KYC updated for quick claims within 90 days if needed.