Archive · 13 Jun 2025

Guru Bank Depositors Demand Higher Deposit Insurance

Guru Bank Depositors Demand Higher Deposit Insurance

Imagine a bank called Guru Raghavendra Bank that had some problems.

People who put money in the bank are worried because they can't get all their money back.

The government has a rule that if a bank fails, it will protect people's money up to 5 lakh rupees.

But many people had more than that in the bank.

Now, they want the government to increase the amount they can get back.

Some people lost a lot of money and are struggling, and some have even passed away while waiting for their money back.

The depositors are asking for help to get their money back.

Sources