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Group deposits by bank and legal capacity/right to estimate DICGC-insured balance and exposure above the ₹5 lakh ceiling.
Enter the facts and calculate. The result appears here.
Group deposits by bank and legal capacity/right to estimate DICGC-insured balance and exposure above the ₹5 lakh ceiling.
DICGC coverage is not calculated account-by-account in isolation when multiple deposits are held with the same bank in the same capacity and same right. This tool therefore groups rows before applying the ₹5 lakh ceiling.
Different banks are separately insured. Different capacities/rights may also receive separate treatment, while accounts of a sole proprietor and the same person in individual capacity are an important aggregation case described by DICGC. Joint-account name/order patterns also matter.
The optional set-off field is included because deposit insurance can require netting eligible dues in some circumstances. Do not enter a speculative set-off: use an amount supported by the bank/claim facts, and do not repeat the same bank due on multiple rows within one insurance group.
This is an exposure-planning calculator, not a determination that a particular bank is under moratorium or that a payout is presently due. Users should verify the bank appears in DICGC’s insured-bank information when that question matters.
Every field below changes the result. They are listed exactly as the form asks for them.
| Field | Type | What it controls |
|---|---|---|
| Deposit rows | Value |
Indicative insured amount per same-bank/same-capacity group = min(net eligible principal + interest, ₹5,00,000).
The engine validates required values before calculating and rejects impossible combinations instead of converting them to zero silently. Dates, thresholds and category switches that drive the result remain visible to the user.
The logic on this page is built from the instrument(s) below. Where a rule did not clearly cover a scenario, that scenario is excluded rather than estimated.
The most common error in regulated calculations is not arithmetic; it is putting the facts into the wrong legal or product category. Check the transaction, entity, holding, policy or taxpayer classification before relying on the number.
Keep statements, acknowledgements, invoices, policy schedules, complaint IDs, tax workings or orders that support the inputs. A number without an evidence trail is difficult to defend in a complaint, return, claim or review.
Rules can change. This page records a source-check date, not a fabricated professional review date. If the event belongs to an older period, confirm that the rule version used here applies to that period.
Yes, principal plus interest is covered within the overall ₹5 lakh ceiling for the relevant insurance grouping.
Not merely because there are two accounts. Same-bank deposits in the same capacity and right are aggregated.
DICGC states that the limit applies separately to deposits at different banks.
Use a consistent description such as Individual, Trustee-X, Guardian-Y or a specific joint-account combination/order, based on the actual legal holding.
No. This calculator is for deposits covered by DICGC’s deposit-insurance framework, not investment products generally.
Source links below are the authority trail used to design the current rule logic. They remain more important than a generic secondary explainer.
Source checked: 14 August 2026. This denotes source verification for the package, not CA/legal review or approval of the individual case.
These cover adjacent decisions. Each owns a different question, so use the one that matches your actual event.
This calculator is published for general information and educational purposes only. It is not legal, tax, accounting or investment advice, is not personalised to your circumstances, and is not a substitute for reading the governing instrument or taking professional advice on your facts. Finin2min records a source-check date, which denotes verification of the authority trail and not a professional review or approval of any individual case.
Scope: Computes interest on delayed GST tax payment under Section 50 of the CGST Act.
Review status: reviewed and approved by CA Nikhil Gupta on 19 July 2026.
Background, worked examples and the rules behind these numbers.