Updated Feb 01, 2021 | 21:26 IST The central bank also said that as per the data submitted by the bank, more than 99 per cent of the depositors are fully insured by DICGC. Govt to amend law to ensure depositors of troubled banks can withdraw up to Rs 5 lakh New Delhi: The government on Monday proposed changes in the DICGC Act to ensure depositors of troubled banks can withdraw their funds of up to Rs 5 lakh. In the light of lenders like Punjab and Maharashtra Co-operative (PMC) Bank, Yes Bank and Lakshmi Vilas Bank running into trouble in recent times, the government had amended the Deposit Insurance and Credit Guarantee Corporation (DICGC) Act, raising the insurance cover on deposit five-fold to Rs 5 lakh.