How to Deposit Money (>5L) Safely in Bank?

[EnthuCC]

I saw a post of IDFC bank stock price which has been fallen ~ -29% in last 1 year. Apparently the bank had disappointing last two quarters.

How do I get assurance that depositing money in IDFC or in any other bank is safe or not? The DIGC insures amount only up to 5L only. Where do people with more than 5L in liquid money keep their money safe?

The recent news of Yes bank and some co-operative banks defaulting ruined many lives of their depositers.

What's the red flag which a depositor shall observe and move funds to a safer bank before any banking crisis occurs?

 

[NikhilG]

In case want to SLEEP 😴 peaceful
1-RBI Retail 65%
2-SBI 15%
3-HDFC 15%
4-Nifty 50 5%

What is rbi retail?
And point 2 or 3 is these bank stocks or in bank sa/fd?

 

[hender]

What is rbi retail?
And point 2 or 3 is these bank stocks or in bank sa/fd?

1-(Govt of India)Sovergien Bond issued to Retail Directly under Non Competitive Bidding(Bond Duration - 90 days to 50 years duration)
2-Bank
3-Nifty 50 cover rest

Today's auction rate of T Bills

 

[NikhilG]

1-(Govt of India)Sovergien Bond issued to Retail Directly under Non Competitive Bidding(Bond Duration - 90 days to 50 years duration)
2-Bank
3-Nifty 50 cover rest

Today's auction rate of T Bills

How does the bonds work online?

 

[hender]

How does the bonds work online?

RBI works, you got interst in your bank

RBI Retail Direct

rbiretaildirect.org.in