Not bandhi 2.0: Your money can be deposited in the bank disappeared!

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Notepad 2.0: Your money can be deposited in the bank disappeared!

New Delhi: Now after one year of the note-maker, the central government can now launch a further bomb on you. A finance bill of 2017, called the Financial Resolve and Deposit Insurance Bill, can make your money invested in the bank zero without your permission.
What is the central government's bill?
In June 2017, the central government has approved the FRDI bill. The government is preparing to bring this bill into the winter session. There is a complete possibility of meeting the required majority in both societies. Finance Minister Arun Jaitley says that the government can take a bail-in instead of a bail-out for the new law under the bank. There may be a new rule for banks that have been deployed. Under this, banks, which are losing money, can use fixed deposits for their own discretion. The bank may refuse to pay your money or you can lock your account for a few years. That is, if the bank is deficient, it will not refund your fixed deposit or extend its time limit.
What is currently the rule
Let us tell you that currently your money in government bank is secured to a certain extent under credit guarantee. Even if the bank becomes a full debtor, you will get one lakh rupees again. However, if RBI believes in policies, then such situation will never happen. Never be a bank lender. Because if that happens, it will take over.
The situation can change after this new bill. If this bill is enforced, then the bank will use the money of the customers to complete their losses. It does not need your permission for that.
The supporters of this bill say that in the history of 70 years, the government has not allowed the depositors' money to drown after the bank sinking. Depositors should not worry about this proposal so there is a sovereign guarantee on bank deposers. So after the protests, the government said that they would review this bill.
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