Query regarding Bajaj Finance FD

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Last Comment 2024-07-08

2024-07-06

Hi Dimers,
Bajaj finance is offering good interest rates on FD now. Is my money secured under DICGC upto 5 lacs on these FDs?

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https://www.desidime.com/comments/permalink/10177673

arundass007378

2024-07-06

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DICGC is only for banks I believe as of now

https://www.dicgc.org.in/FD_ListOfInsuredBank...ml

NBFC like Bajaj Finance, Shriram are not covered for 5L safety and have CRISIL/ICRA ratings

https://www.desidime.com/comments/permalink/10177688

sushrutji29544

2024-07-06

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Thanks bhai. Yes I researched on this and got to know that Nbfcs are not covered under 5L insurance scheme

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https://www.desidime.com/comments/permalink/10182050

posiedon

2024-07-08

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small finance banks like equitas ,utkarsh, Ijjivan ,AU etc are covered by RBI/Govt of India up t % lakhs. They all give as much as bajaj finance etc. you will be much safe in banks (sarkari/pvt/SFB)