PM to address depositors in a bank deposit insurance programme on 12th December

Published By : Admin | December 11, 2021 | 09:55 IST

Prime Minister Shri Narendra Modi will address the function on “Depositors First: Guaranteed Time-bound Deposit Insurance Payment up to Rs. 5 Lakh” on 12th December, 2021 at 12 noon in Vigyan Bhawan.

Deposit insurance covers all deposits such as savings, fixed, current, recurring deposits, etc. in all commercial banks, functioning in India. Deposits in State, Central and Primary cooperative banks, functioning in States/Union Territories are also covered. In a path breaking reform, Bank deposit insurance cover was enhanced from Rs. 1 lakh to Rs. 5 lakh.

With deposit insurance coverage of Rs. 5 lakh per depositor per bank, the number of fully protected accounts at end of previous financial year constituted 98.1% of the total number of accounts, as against the international benchmark of 80%.

The first tranche of interim payments has been released by the Deposit Insurance and Credit Guarantee Corporation recently, against claims received from depositors of 16 Urban Cooperative Banks which are under restrictions by RBI. Payout of over Rs 1300 crore has been made to alternate bank accounts of over 1 lakh depositors against their claims.

Union Finance Minister, MoS Finance and RBI Governor will also be present on the occasion.

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Prime Minister shares Sanskrit Subhashitam, seeks blessings of Maa Katyayani and shares devotional recital
March 24, 2026

The Prime Minister, Shri Narendra Modi, sought the blessings of Maa Katyayani and said that worship of Maa Jagadambe fills the mind with infinite energy and inner strength, while her divine radiance illuminates the heart with higher consciousness. He prayed that with the blessings of the Goddess, who is the embodiment of divinity and valour, all her devotees are endowed with immense strength and self-confidence.

The Prime Minister shared a Sanskrit verse-

“चन्द्रहासोज्ज्वलकरा शार्दूलवरवाहना। कात्यायनी शुभं दद्याद् देवी दानवघातिनी॥”

The Prime Minister also shared a recital in praise of the Goddess.

The Prime Minister wrote on X;

“मां कात्यायनी को वंदन! दिव्यता और पराक्रम की अधिष्ठात्री देवी मां की कृपा से उनके सभी भक्तों में अपार शक्ति और आत्मविश्वास का संचार हो।

चन्द्रहासोज्ज्वलकरा शार्दूलवरवाहना।

कात्यायनी शुभं दद्याद् देवी दानवघातिनी॥”

“मां जगदम्बे की उपासना से मन अनंत ऊर्जा और आत्मबल से भर जाता है। देवी मां का अलौकिक ओज हृदय को दिव्य चेतना से आलोकित कर देता है।