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The Government of India has enacted the Right to Information Act, 2005 (http://www.persmin.nic.in) which has come into effect from October 13, 2005. The Right to Information under this Act is meant to give to the citizens of India access to information under control of public authorities to promote transparency and accountability in these organisations. The Act, under Sections 8 and 9, provides for certain categories of information to be exempt from disclosure. The Act also provides for appointment of a Chief Public Information Officer to deal with requests for information.

DICGC’s Obligation under the Act

The Deposit Insurance and Credit Guarantee Corporation (DICGC) is a public authority as defined in the Right to Information Act, 2005. As such, DICGC is obliged to provide information to members of public.

Seeking Information from DICGC

The Deposit Insurance and Credit Guarantee Corporation has an established communication policy. Under this, DICGC regularly releases information and data on various aspects relating to Deposit Insurance through public domain. The information and data routinely released by the DICGC are available on its website (www.dicgc.org.in)

The details of information that is already available from the DICGC are:

Annual Publications

Annual Report

The annual report of the DICGC is the most important document released every year. It is the report of the Board of Directors on the working of the Corporation and on the balance sheet and accounts of the Corporation.

The annual report is a statutory document relating to the financial year of DICGC (April to March) and is released in May/June.

Brochures

DICGC forwards a booklet on deposit insurance and a copy of a poster to all banks when they are registered. The booklet is forwarded to familiarize the depositor with necessary assurance regarding safety and security of their deposit with the bank. The booklet on deposit insurance is to be made available to the depositors and the poster is to be displayed prominently in the premises of each and every branch.

DICGC maintains an active website (URL: http://www.dicgc.org.in). All the information released by the Corporation is also simultaneously made available on the website. The site is updated on a regular basis.

In keeping with its objective of bringing in greater transparency in its decision making process, the Corporation is committed to releasing more and more information in public domain.

Disclosure Log

The Deposit Insurance and Credit Guarantee Corporation will also place all the information it releases in response to the requests received under the Right to information Act, 2005 on its website, if, in its view, the information could be of general public interest.

Your suggestions

If you feel that the DICGC should release any information in addition to what it already releases, please send us your suggestions at cpiodicgc@rbi.org.in .If, however, you need any specific information on an ad hoc basis, you may make an application under the Right to Information Act, 2005. It needs to be emphasised that this mechanism is only meant for seeking information and NOT for making complaints.

Making an Application under the Right to Information Act, 2005

Citizens of India will have to make the request for information in writing, clearly specifying the information sought under the Right to Information Act, 2005. The application for request should give the contact details (postal address, telephone number, fax number, email address) so that the applicants can be contacted for clarifications or the information. Since as per the Act, information can be furnished only to citizens of India, you will have to give your citizen status as well.

How do I send my application?

As per the Right to Information (Regulation of Fee and Cost) Rules, 2005 prescribed by the Government of India:

A request for obtaining information under Section 6(1) of RIA needs to be accompanied by an application fee of Rs.10 by way of cash against proper receipt or by DD or bankers’ cheque payable to the Accounts Officer of the public authority.

You could send your request by post accompanied by the application fee of Rs.10/- payable by demand draft or bankers’ cheque favouring Deposit Insurance and Credit Guarantee Corporation. The fee can also be paid in cash along with the application. Applications can also be made over fax or email in which case, the Corporation will acknowledge the application and give a serial number to the application and communicate the fees to be paid by the applicant. The applicant will, while quoting the serial number of his application, need to send the application fee. DICGC will take up the application for consideration, as required under the Act, only after the application fee has been received.

Where do I send my request?

You can send your request to:

How long will the DICGC take to provide information?

The Deposit Insurance and Credit Guarantee Corporation will, within 30 days of receipt of the application for information along with the fee, communicate to the requestor whether it can or cannot provide the information.

Will I have to pay to get the information?

As per the Right to Information (Regulation of Fee and Cost) Rules, 2005, the public authority shall charge:

Rs.2/- for each page (in A-4 or A-3 size paper) created or copied;
actual charge or cost price of a copy in larger size paper;
actual cost or price for samples or models; and
for inspection of records, no fee for the first hour; and a fee of Rs.5/- for each 15 minutes (or fraction thereof thereafter)
Further, to provide information under Section 7(5) of the Right to Information Act, 2005, the public authority shall charge:

Rs.50/- per diskette or floppy; and
for information provided in printed form at the price fixed for such publication or Rs.2/- per page of photocopy for extracts from the publication
At what stage will I have to pay this cost?

If DICGC has the information and can provide it to you it will, within 30 days of its receiving the application along with appropriate fees, communicate to you the cost of providing the information as prescribed under Section 7(1) of Right to Information Act.

When will I get the information?

You will get the information, once the Corporation receives the payment towards providing the information.

Can DICGC refuse to give me information?

The Right to Information Act, 2005 under Sections 8 and 9 exempts certain categories of information from disclosures. These include:

Information, disclosure of which would prejudicially affect the sovereignty and integrity of India, the security, strategic, scientific or economic interests of the State, relation with foreign State or lead to incitement of an offence.
Information which has been expressly forbidden to be published by any court of law or tribunal or the disclosure of which may constitute contempt of court;
Information, the disclosure of which would cause a breach of privilege of Parliament or the State Legislature;
Information including commercial confidence, trade secrets or intellectual property, the disclosure of which would harm the competitive position of a third party, unless the competent authority is satisfied that larger public interest warrants the disclosure of such information;
Information available to a person in his fiduciary relationship, unless the competent authority is satisfied that the larger public interest warrants the disclosure of such information;
Information received in confidence from foreign Government; information, the disclosure of which would endanger the life or physical safety of any person or identify the source of information or assistance given in confidence for law enforcement or security purposes;
Information which would impede the process of investigation or apprehension or prosecution of offenders;
Cabinet papers including records of deliberations of the Council of Ministers, Secretaries and other officers;
Information which relates to personal information the disclosure of which has no relationship to any public activity or interest, or which would cause unwarranted invasion of the privacy of the individual.
Do I have a right to appeal?

Under the Right to Information Act, 2005 you have the right to appeal if you are not satisfied with the information provided by the Corporation or its decision not to provide the information requested.

Who should I address my appeal to?

You can address the appeal to:

Shri. M.K. Samantaray
General Manager/ Appellate Authority
Right to Information Act Section
Deposit Insurance and Credit Guarantee Corporation
Reserve Bank of India Building (2nd Floor),
Opp. to Mumbai Central Railway Station,
Mumbai – 400 008.

Shri. N,.K. Bhatia
General Manager/ Alternate Appellate Authority
Right to Information Act Section
Deposit Insurance and Credit Guarantee Corporation
Reserve Bank of India Building (2nd Floor),
Opp. to Mumbai Central Railway Station
Mumbai -400 008.

What if I am not satisfied even with the decision of the appellate authority?

Under the Act, if you are not satisfied with the decision of the appellate authority within the Corporation, you can appeal to the Central Information Commissioner appointed in terms of Chapter 3 of the Right to Information Act, 2005.