Social Sciences, asked by archanamishrahdr, 1 year ago

how is money safe in bank ?

Answers

Answered by Ririamitjoshi

2

Answer:

Few people are aware that even today, the amount of your deposit insured in the bank (and therefore completely safe) is merely Rs 1 lakh. ... Money deposited in banks have been considered completely safe so far because the government and the Reserve Bank of India (RBI) has never allowed any bank to fail.

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