Dear friends Many of you have seen messages asking you not to worry about your deposits because a government assurance says they are safe. It is indeed true that there is no need to panic immediately. But no verbal assurances by any minister have a higher weightage than a statute. It is important for us to remember this. Please read my article on this issue. It is yet another reason for us to stay united and focussed on our cause of protecting our deposits and being treated fairly as bank customers! Do spread the word. http://www.moneylife.in/article/frdi-grossly-at-odds-with-the-indian-financial-system/52472.html