Get upto 4%* on our Savings Account Balances with Wucbank.
More DetailsInfo@wucbank.com
Updates:
Dear Customer, We have launched Video KYC facility for New customer to open savings ac
WUC Bank DICGC Coverage
At Warangal Urban Co-Operative Bank (WUC Bank), your deposits are insured under the Deposit Insurance and Credit Guarantee Corporation (DICGC) scheme, ensuring that your savings are protected in case of any unforeseen circumstances affecting the bank’s financial stability.
Key Features of DICGC at WUC Bank:
Deposit Insurance Coverage:
our deposits are insured up to Rs. 5,00,000 per depositor. This amount includes both the principal and interest accumulated across all your deposit accounts (savings, fixed deposits, recurring deposits, and current accounts).Who is Covered:
All individual depositors, joint deposit holders, partnerships, companies, societies, and trusts who have deposited their money with WUC Bank are covered under the DICGC insurance scheme.Eligible Deposits:
Savings accounts
Recurring deposits
Current accounts
Fixed depositsWhat’s Not Covered:
Deposits exceeding Rs. 5,00,000 are not insured for amounts beyond the limit. Inter-bank deposits and deposits of government bodies are not covered.Claim Process:In the unlikely event of WUC Bank being unable to meet its obligations, DICGC will compensate depositors up to the insurance limit. The process for claims will be initiated once the bank is declared non-viable or insolvent.
Peace of Mind:
In the unlikely event of WUC Bank being unable toRest assured, your deposits with WUC Bank are safeguarded up to the insurance limit under the DICGC scheme, providing security for your hard-earned savings.
