“Central Government is planning to end the insurance guarantee for the money deposited in banks”
What FACTLY found
The news clippings shared in the post were published in 2017 regarding, ‘The Financial Regulation and Deposit Insurance Bill, 2017’ introduced by Government of India. While assuring that FRDI Bill does not adversely modify the earlier protections given to the depositors, the Ministry of Finance issued a press release clarifying that the FRDI Bill will provide additional protections to the depositors in a more transparent manner. Following the widespread criticism of its controversial provisio...
Their words, from the summary they publish with the rating.
In short
This claim spread on social media around 12 September 2022. FACTLY (India) looked into it and published its finding on 13 September 2022, 1 day later. Its rating was “MISLEADING”.
Where the claim appeared
Links recorded by FACTLY. Some posts may have been deleted since.
This check was done by FACTLY, not by DoesItStand. We list it so you can find it. Their full evidence and reasoning are in their article.