New Delhi [India], August 10 (ANI): The Lok Sabha on Monday passed a bill that provides account holders security of their money by allowing access to up to Rs 5 lakh within 90 days of a bank coming under a moratorium imposed by RBI.

The Deposit Insurance and Credit Guarantee Corporation (Amendment) Bill, 2021 was passed by a voice vote amid protests by opposition parties over various issues, including the Pegasus row and new farm laws.

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The bill had been passed by Rajya Sabha earlier.

Finance Minister Nirmala Sitharaman said the bill will help small depositors including those of Punjab and Maharashtra Cooperative Bank (PMC).

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The bill seeks to ease the difficulties of depositors about withdrawing money from banks if RBI imposed a moratorium. (ANI)

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