I'm able to realize your point of security of deposits of India, but there are several drastic alterations going on like demon, and many others.even further the Indian public sector banking companies'' NPA is amongst the optimum on this planet which isn't a good signal. These are receiving infused by govt. Future move, you can find talks of bail in" clause of FRDI Invoice. Should pray that sucha Invoice does not arrive in the least.
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Coming to back to bank deposits, my see is that all financial institution deposits are safe in India. The key reason why getting that the government from the day has to save lots of public sector financial institutions from the collapse at any Charge since FD is the only real social protection merchandise owned by a lot of the Indian outdated age men and women.
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