About this tool

Deposit Insurance Coverage Checker

Check how much of your bank balances DICGC insures, grouped by bank and by the capacity in which each account is held.

This checker applies the Deposit Insurance and Credit Guarantee Corporation cover of ₹5,00,000 per depositor per bank to the accounts you list, aggregating them the way DICGC does: all deposits held at one bank in the same capacity and the same right are added together, principal and interest, before the limit is applied. Accounts held in a different right — a joint account with the names in a different order, or one held as guardian, karta or trustee — carry their own separate limit. The result is the rupee amount of your savings that sits outside the guarantee.

How to use Deposit Insurance Coverage Checker

1. 1

   Open Deposit Insurance Coverage Checker on AltFTool — it loads instantly in your browser.

2. 2

   Enter the values you already know.

3. 3

   Fine-tune the options to match your scenario.

4. 4

   Read the result and use it in your planning or reporting.

Why use Deposit Insurance Coverage Checker

• Aggregates the way DICGC does

  Adds up every account at one bank in the same capacity before applying the limit, instead of per account.

• Capacity rules built in

  Distinguishes single, joint by name order, guardian, karta, partner, director and trustee holdings.

• Shows unused headroom

  Reports how much cover you are leaving on the table at banks where you are under the limit.

Common use cases

• Check whether a ₹8 lakh fixed deposit at one bank is fully insured, and by how much it is not.
• See whether splitting money between two banks actually buys extra cover for your situation.
• Confirm that a joint account and a single account at the same bank are insured separately.

Frequently asked questions