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Corporate Laws Central Ministry of Finance Deposit Insurance and Credit Guarantee Corporation Act, 1961

Revised Procedure of Submission of Deposit Insurance (DI) Returns, Computation and Remittance of DI Premium and Certification by Statutory Auditor to DICGC

11-Apr-2025 | CO.DICG.IOD.No.S52/04-01-046/2025-2026

DICGC has issued a notification regarding the revised procedure of submission of Deposit Insurance (DI) Returns, Computation and Remittance of DI Premium and Certification by Statutory Auditor to DICGC, effective from 11th April 2025.

Key highlights-
1. New Integrated Application System (NIAS), named Samyak, developed by the Corporation will be launched for submission of Deposit Insurance (DI) Return, calculation and payment of DI Premiums and submission of Statutory Auditor Certificate to the Corporation.
2. There will be 4 different user roles for verification at every step from populating the DI return to submission of certificate of statutory auditor.
3. Various details are to be given under Bank Registration module such as name, address, contact details, nodal officer details etc.
4. Procedure for submission of DI Returns and Payment of Premium under NIAS has been specified.
5. Procedure for submission of Statutory Auditor Certificate under NIAS has been specified.
6. Till the time the notification regarding the launch of NIAS module has been issued, insured banks may continue to submit the compliances pertaining to DI Returns, premium payments, and Statutory Auditor Certifications using the existing process-flow under IASS.

Kindly refer to the attached document for more information.

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