Citizens Bank International (Citizens) has got its small
deposits up to Rs 200,000 insured by
Deposit and Credit Guarantee Corporation
(DCGC) becoming the second commercial bank
to get its deposits safeguarded
after Mega Bank Nepal. According to the deposit guarantee
regulation, in case
of bankruptcy of a financial institution, a small depositor, who has a
deposit
up to Rs 200,000, will be paid the total deposit amount and interest within 90
days
from the date the institution goes under liquidation by DCGC.
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