Query regarding Bajaj Finance FD

Deal Subedar
Hi Dimers,
Bajaj finance is offering good interest rates on FD now. Is my money secured under DICGC upto 5 lacs on these FDs?
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Deal Subedar Deal Subedar
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Thanks bhai. Yes I researched on this and got to know that Nbfcs are not covered under 5L insurance scheme

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Deal Cadet Deal Cadet
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small finance banks like equitas ,utkarsh, Ijjivan ,AU etc are covered by RBI/Govt of India up t % lakhs. They all give as much as bajaj finance etc. you will be much safe in banks (sarkari/pvt/SFB)

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