Bank is safe and so are your deposits
The latest story that is spooking bank depositors is the moratorium on their money in Lakshmi Vilas Bank, ahead of its amalgamation with DBS Bank
Indian households looking for a safe space to put their money have been going from crisis to crisis in the past few years. Banks have failed, debt funds saw deep losses, and in March 2020, we saw six debt funds frozen. Even people who trusted nobody and kept cash under the mattress lost it during demonetization.