DICGC’s general deposit-insurance limit is ₹5 lakh per depositor per bank, including principal and interest—but its published rules do not give a simple, definitive answer for every NRE, NRO, or FCNR(B) account and funding pattern. DICGC excludes deposits received outside India in its general FAQ, and its 2025 premium directions list Non-Resident Rupee Accounts and FCNR balances among categories excluded for premium-return purposes. Those statements have different contexts, so confirm your particular account’s treatment with your bank or DICGC rather than assuming every NRI deposit is covered or excluded.
What is the general DICGC insurance limit?
For eligible deposits, the Deposit Insurance and Credit Guarantee Corporation (DICGC) covers up to ₹5 lakh per depositor per bank, including principal and interest. The limit is not ₹5 lakh for each account. DICGC describes the relevant circumstances as a bank’s liquidation or licence cancellation, specified merger or reconstruction, or an RBI restriction direction. DICGC FAQ
DICGC’s own example shows how interest counts: eligible principal of ₹4,95,000 plus ₹4,000 accrued interest totals ₹4,99,000. If principal alone is ₹5 lakh, any additional interest is above the insurance cap. DICGC FAQ
How are balances across accounts and branches combined?
DICGC combines deposits held in the same bank in the same right and capacity, including balances across that bank’s branches. Holding several accounts at one bank therefore does not create a separate ₹5 lakh limit for each account or branch. A different bank has a separate limit. DICGC FAQ DICGC 2024–25 information leaflet
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Ownership capacity also matters under DICGC’s aggregation rules: deposits held by one person in the same capacity are generally combined, while certain different capacities or joint-account configurations may be treated separately. Do not infer a higher limit simply from opening another account; ask the bank how DICGC’s same-right-and-capacity rules apply to your ownership arrangement.
What do NRE, NRO, and FCNR(B) mean?
| Account | Currency and type | How the RBI describes the scheme |
|---|---|---|
| NRE | Rupee account | Non-Resident (External) account scheme for eligible non-residents, with rules on permitted funding and repatriation. |
| NRO | Rupee account | Non-Resident Ordinary account for bona fide rupee transactions of a person resident outside India. Permitted credits can include inward remittances and legitimate dues in India, subject to the rules. |
| FCNR(B) | Foreign-currency term deposit | Foreign Currency (Non-Resident) Bank account scheme, with permitted currencies and scheme-specific rules. |
These are scheme descriptions, not individual DICGC coverage decisions. RBI’s deposit regulations set out the account rules and permitted credits; the account label alone does not establish how DICGC will treat every balance. RBI, Foreign Exchange Management (Deposit) Regulations RBI account-scheme publication
What does DICGC say about non-resident deposits?
The general FAQ excludes deposits received outside India
DICGC’s general FAQ lists “Any amount due on account of any deposit received outside India” among amounts not insured. That wording focuses on where a deposit was received; it should not be treated as a blanket definition of every credit that can enter every NRI account. For example, RBI’s rules permit certain legitimate dues in India to be credited to an NRO account. DICGC FAQ RBI deposit regulations
The 2025 directions list account categories in a premium-return context
DICGC’s 2025 Master Directions list deposits of Non-Resident Rupee Accounts and balances held in FCNR accounts among excluded items in materials concerning deposit-insurance-premium returns. This is an important official indication, but the directions state it in the context of premium returns. It is not, by itself, a plain-language ruling that resolves the insurance claim for every NRE, NRO, or FCNR(B) account, credit source, or change in account status. DICGC 2025 Master Directions on returns and premium remittance
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How to check your own account’s treatment
- Confirm the bank is insured. DICGC’s information leaflet explains the insured-bank scheme and general coverage limit. Check your bank’s status with the bank or DICGC. DICGC information leaflet
- Identify the account and how funds reached it. Note whether it is NRE, NRO, or FCNR(B), the source and route of deposits or credits, and any relevant change in account or residency status.
- Ask for a specific answer. Request written clarification from your bank about whether those balances are treated as insured deposits under DICGC’s rules, including how the deposit-received-outside-India exclusion and the premium-return directions apply to your circumstances. DICGC’s FAQ advises depositors with doubts to make a specific enquiry with branch officials. DICGC FAQ
The sources cited here do not establish a named, account-by-account coverage outcome for every NRE, NRO, or FCNR(B) funding pattern. That uncertainty matters most where an account has credits from different origins or its status has changed; obtain an answer for the facts of your account rather than relying on the general ₹5 lakh limit alone.
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