Deposit insurance is calculated by adding all funds held in the same ownership type at the same bank. So, if the funds are in different types of ownership or deposited into other banks, they would be separately insured.
This scheme covers all commercial banks, including branches of foreign banks that operate in India, local area banks, and regional rural banks. Also, a state, central or urban co-operative bank whose local cooperative societies act has been amended so that the RBI can make administrational changes falls under the scope of this insurance. The DICGC does not insure primary cooperative societies. Any amount due for any deposit received outside India is also covered.