As per DICGC, there are 98.1% protected accounts at

Solution

With deposit insurance coverage of Rs5 lakh per depositor per bank, there were 247.8 crore fully protected accounts at end-March 2021, constituting 98.1 per cent of the total number of accounts (252.6 crore). This is much higher than the international benchmark of 80 per cent. In terms of amount, the total insured deposits (Rs 76.2 lakh crore) as at end-March 2021 constituted 50.9 per cent (up from about 30 per cent under Rs 1 lakh cover) of the total assessable deposits (Rs 149.7 lakh crore) as against the international benchmark of 20-30 per cent,” stated the Economic Survey 2021-22.