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In USA - FDIC does it. FDIC stands for Federal Deposit Insurance Corporation. The purpose of this is to provide "Deposit Insurance" which guarantees the safety of cash deposited in its member banks, currently up to US $ 250,000 per depositor per bank. Currently FDIC insures deposits at more than 7500 institutions in the USA. This is to ensure that customers do not lose out their hard earned money in case of bank failures or bankruptcy.
In India - RBI does it. RBI stands for Reserve Bank of India. They insure deposits worth 1 lakh from every customer per bank.
What else can I help you with?
What agency insures bank deposits how much money is insured?
It differs from country to country. For ex: in USA FDIC insures all customer deposits. All deposits of upto USD 250,000 is insured/guaranteed by the FDIC. Similarly in India the RBI insures all deposits. All deposits of upto Rs. 1,00,000/- is insured by the RBI.
The Federal Deposit Insurance Corporation insures bank deposits up to per deposit?
$100,000This is sort of complicated. Per www.fdic.gov:"The basic insurance amount is $250,000 per depositor, per insured bank."The $250,000 amount applies to all depositors of an insured bank."Deposits in separate branches of an insured bank are not separately insured. Deposits in one insured bank are insured separately from deposits in another insured bank."Deposits maintained in different categories of legal ownership at the same bank can be separately insured. Therefore, it is possible to have deposits of more than $250,000 at one insured bank and still be fully insured."
How are credit union deposits insured?
Credit union deposits are insured by the National Credit Union Administration (NCUA), which is a federal agency that provides insurance coverage up to 250,000 per depositor for each account ownership category. This insurance helps protect the money deposited in credit unions in case of financial instability or failure.
Is GE Capital FDIC insured?
Not that I know. When you open an account they even tell you that your deposits are not FDIC insured. Not that I know. When you open an account with "GE Interest Plus" they even tell you that your deposits are not FDIC insured.
Why are certificates of deposits?
Certificates of deposits are important because they are time deposits, which are similar to savings accounts. They are virtually riskfree because they are insured.
Why are certificates of deposits important?
Certificates of deposits are important because they are time deposits, which are similar to savings accounts. They are virtually riskfree because they are insured.
Are your deposits at national city bank at risk?
Any deposit under $100,000 is fully insured by the FDIC (Federal Deposit Insurance Corporation, government agency). See http://www.fdic.gov/about/learn/symbol/index.html
Is Flagstar bank FDIC insured?
Flagstar bank is a member of the FDIC and deposits are FDIC insured up to $250000 per account.
how safe is m&t bank?
M&T Bank is FDIC insured, so your deposits up to $100,000 are insured by the Federal Government.
Are online banks FDIC insured?
Yes, online banks are FDIC insured, which means that deposits up to 250,000 are protected in case the bank fails.
Is Old Security Financial Group FDIC insured?
they claim that the deposits are but they are not. Whatever that means.
Can you get a new phone for free if my screen is blank?
yes but is they may ask if you have it insured,if you dont then i advise you to get it insured then you can get a whole new phone,hope that helps. :D
