Bank Fixed deposit insurance is the facility provided by the Reserve Bank of India for all the FD depositors in India. In addition, most people think that the FDs in banks are 100% safe. and I will explore what is deposit insurance schem and how it safe guards depositors. What is the Deposit Insurance Scheme?… You know that fixed deposits are a great saving product that gives fixed interest plus principle at the time of maturity of a FD. But in case of bank default, depositors may not get their interest on deposits and even the principle. In order to …