The money in your savings bank account is not completely safe

Yes, you heard it correctly

According to RBI’s subsidiary, the Deposit Insurance and Credit. Guarantee Corporation of India, your money amounting to a maximum of Rs. 5 lakhs (including principal & any interest) is insured by this scheme

Let's take an example, if a person has deposited ₹492,000 and The interest amount due to him is ₹10,000, the depositor will get only ₹500,000 back and will not get the additional ₹2000 which is due.