FRDI Bill: Your Bank Deposits & Savings are at risk! | By Dhruv Rathee

FRDI Bill: Your Bank Deposits & Savings are at risk! | By Dhruv Rathee


If I tell you that the amount deposited in your bank a/c or your life term savings be given to bank. because banks have given loans to likes of Vijay Mallya who are unable to repay back so these loans have turned Bad loans or “NPA’s(Non Performing Asset)” & if they don’t get their money back, then banks’ll turn bankrupt & if banks crash, then economy shall also crash. so, in order to save our economy, our country at least you can do this much part treat it like patriotism like you queued (in DeMo), so treat this similarly Also, our soldiers are fighting in siachen & if you can’t handle it, then go to Pakistan Anti- National Agent Friends, this is known as Bail-in. If your deposited money as bank’s customer is used to save bank from bankruptcy/failure, then this is known as Bail-in & very soon, you won’t have any accord over it whether you approve/want to do it or not the requisite amount to bail in the bank shall be decided by the Govt. A similar bill is about to be passed in this upcoming winter session of parliament which’ll make it a law Till now, if any bank fails, the minimum amount insured is 1lakh which is the min. insured amount decided by 1962 law. for eg. If you have 10lakh in your bank a/c & if such bank fails, then at least 1 lakh shall be provided back to you but when this bill shall pass, then Govt. shall decide the amount to be returned back to you. with no minimum insured amount. If Govt. desires, then it can return 2lakh out of 10lakh funds or single penny out of 10lakh Financial Resolution Deposit Insurance Bill(FRDI Bill) Till now, RBI had the power to decide how to handle bank’s debt but this bill proposes constitution of a new corporation named Resolution Corporation. which’ll be given powers to decide whether to bail in a bank incase of its bankruptcy & the amount to be returned back to such bank’s depositors which shall be decided entirely by resolution corporation Let me tell you the managing people who’ll handle the Resolution Corporation Board It shall be a team of 11 people out of which one shall be chairman, one person of finance ministry, one person of RBI one person each from SEBI deptt., IRDA deptt, 3 full time persons to be appointed by Central Govt. & 2 independent members also to be appointed by Central Govt. so out of 11, 6 people are under direct control of Central Govt. so, basically Resolution Corporation shall be a Govt. controlled board which’ll decide the amount which needs to be returned back to depositors incase if a bank fails & whether to bail in a bank or not if bank fails. Section 52 of this bill says that Resolution Corporation can cancel, modify or change the liability owned by the banks & its loss written in Balance sheet So, your entire deposit amount shall be converted into Fixed deposit with 5 years lock-in period or use it entirely for bail-in. All such powers shall reside with Resolution Corporation which’ll take such decision Summarising it in single line, this bill gives power to Govt. about handling amount in your bank a/c which’ll depend entirely on Govt., whether to use it for bail-in or convert it into FD or any other form to be decided by the Govt. & this thing is dangerous to give full authority & imposing so much trust on Govt. & if you see the previous steps of this Govt. like Jan Dhan Yojana i.e. opening of bank a/c’s for all poor people then demonetisation came i.e. amount in possession with people to be deposited in bank a/c & now this bill is coming which ‘ll make the entire amount in bank a/c’s under control of Govt. Keeping aside the tax amount, even the non-tax amount for personal purposes with sole individual’s right collected by making savings shall now have right of Govt. Now, you can understand why people are hassled by this bill. Although our Finance Minister, Mr. Arun Jaitley has said that he is committed to protect the interests of depositors. but like a politician, no concrete steps have been taken. A petition has been issued to protect against this bill which has already garnered more than 1 lakh signatures So, I would say to sign such petition which shall be given in the description below & also in the top comment Sign that petition so that your amount remains in your control instead of Govt.’s control and your confidence on banks & your savings doesn’t anchor down & if you feel that this shall never happen; why ‘ll Govt. pass such bill People themselves ‘ll stop voting for them & get furious, then don’t forget Demonetisation. & this year itself in March, corruption was legalised in Finance Bill After reading such finance bill, you’ll think how can such bill get passed but still it passed & has now become law. I have explained about it in this video. You can go & see it. Therefore, sign this petition & share with your friends & family so that this petition reaches every Indian. & they also realize the works done by Govt. from backdoors. Anyway, our media won’t showcase such things. & if you liked this video & desire to watch such awareness related videos, then subscribe this channel & you can also follow me on facebook, twitter & Instagram. We’ll meet in next video. Thank You.

100 Comments

  • amit kumar

    June 30, 2018

    Modi bhakt ka paisa lelo

    Reply
  • Mohammed محسن

    July 1, 2018

    Over 296,000 views, but the petition only has 150,000 signatures. If we watch such serious topics over dinner to be "entertained" – then idk what to say. Don't let Dhruv and other activist's effort go down the drain… Unless majority of these views are of haters to see "aaj kya keh raha hain yeh" lol

    Reply
  • Mobile Tak

    July 12, 2018

    Heartly salute bhai 🙏🙏

    Reply
  • Ritik Rock

    July 21, 2018

    If you are rich you can become poor in seconds

    Reply
  • Kingsha Acads

    July 23, 2018

    Modi should not be a prime minister, come and vote with me

    Reply
  • The Professor

    July 24, 2018

    kyu gumraah kar rahe ho janta ko chacha bosdk.

    Reply
  • Fewse

    July 28, 2018

    Thank god it has been withdrawn now.

    Reply
  • Sunny Sumit Masih

    July 29, 2018

    Finally FRDI BILL is withdrwan by FEKU GOVT. through public pressure..
    Thanks people's…

    Reply
  • Anon Aji

    July 29, 2018

    Junk fellows as priminister and finance minister

    Reply
  • CRIMINAL AND CORPORATE LAWYER

    July 29, 2018

    Bill passed???

    Reply
  • Honey Natt

    July 29, 2018

    I am going to open a bank

    Reply
  • Abdul Aziz

    July 29, 2018

    Good job

    Reply
  • Niraj Saraf

    August 4, 2018

    Hello Dhruv bhai, again incomplete information. Please, I would request you to bring complete facts and tell the truth, if you are not aware then please research just for publicity/max views or likes don’t deliver /spread wrong information. That we can see, you are anti government and anti bjp and anti Modi, it’s fine everybody has rights to express their views however if people are trusting your videos then don’t fool or spread wrong information please.

    For viewers, if you are watching his videos for entertainment then it’s fine but if you seriously thinking to bring some change then I would request you to please do some research yourself don’t trust blindly in anyone’s video. There are many other videos from many chartered accountant on FDRI bill, I would request you to go through once.

    Reply
  • AMITESH SHRIVASTAVA-DM

    August 6, 2018

    The way you have manipulated the statements to get some likes is ridiculous

    Reply
  • Someshwar Reddy

    August 9, 2018

    Sirji please make a minimum balance in bank propoganda vedio..

    Reply
  • Urvashi Agarwal

    August 11, 2018

    Sir u r a great oretor, plz make videos like this daily , for upsc aspirents , from the hindu

    Reply
  • Urvashi Agarwal

    August 11, 2018

    Sir u r a great oretor, plz make videos like this daily , for upsc aspirents , from the hindu

    Reply
  • Aditya Mishra

    August 15, 2018

    Bhai to ye sari baate sirf tumko hi kyu pata h

    Reply
  • Aditya Mishra

    August 15, 2018

    Or kisi ke mu se aaj to ye sari bate nii suni

    Reply
  • Aditya Mishra

    August 15, 2018

    Btw just confused 😵😵 what to believe 😰

    Reply
  • abdul nayeem

    August 25, 2018

    Dhrub Bhai , mera Bharat badal raha hai ,,,,jaihind

    Reply
  • Gaurav jindaL

    August 26, 2018

    PLEASE MAN ….WHY ARE U MISGUIDING INNOCENT PEOPLE ..OTHER VIDEOS OF URS ARE PERFECT UPTO SOME EXTENT …BUT THIS ONE NOT APPRECIABLE …. COME UP WITH THE SECTIONS OF DRAFT BILL AS AN EVIDENCE THEN SAY ANYTHING……

    Reply
  • Dhruv Rathee

    August 26, 2018

    BIG UPDATE: Government has withdrawn the FRDI Bill Now after the backlash from people like you. This is a big win for all of us!

    Reply
  • Elsy Clement

    August 26, 2018

    Subscribed your challenge recently…Thanks for updating

    Reply
  • mohd jafar

    August 26, 2018

    Very good job bhai

    Reply
  • Ajay

    August 26, 2018

    Kon sa bank hai

    Reply
  • Guruprasad Ramani

    August 26, 2018

    Dhruv Bhai, Jai Hind!! Please keep up to the good work!!!

    Reply
  • junior g

    August 26, 2018

    Who has come after seeing the post

    Reply
  • Jitendra Singh

    August 26, 2018

    To opposition parties iska virodh kyu ni karti

    Reply
  • Som Bharatiya Dash

    August 26, 2018

    Media madrchod hai

    Reply
  • Som Bharatiya Dash

    August 26, 2018

    Arnab behen ka lauda hai . Budbakk hai saala

    Reply
  • Lata Pawar

    August 26, 2018

    Dislikers are देशद्रोही… i.e.मोदी भक्त

    Reply
  • Amit dash

    August 26, 2018

    Tkanks dhruv ji…

    Reply
  • Aditya Lukkad

    August 27, 2018

    Dhruv please explain reservation bill

    Reply
  • kunal s lawtawar

    August 27, 2018

    Finally they realized their mistake.

    Reply
  • Amol Walunjkar

    August 27, 2018

    I am BJP supporter. However, I will never ever support this bill. This bill is cruel for common people of india.

    Reply
  • shanu roy

    August 28, 2018

    UAE NE TO 700 CR. OFFER KIYE HI NAHI AUR THE WIRE MEIN SIR BOL RAHE THE KI UNHONE DIYE H

    Reply
  • Pankaj Rawat

    August 30, 2018

    Abe Chor Dhruv talve chatta hai left party k

    Reply
  • Samy Thakur

    August 30, 2018

    Sir 1993' ka law n decide kiya.. Fact to shi kro…

    Reply
  • villayat ali khan

    September 1, 2018

    Thanks alot Dhruv Rathee for enlighten us. You are doing great job. I appreciate your efforts and boldness to spread awareness in the country.

    Reply
  • Jiten Kumar

    September 6, 2018

    how can do this …….this is unfair
    i not support the bill

    Reply
  • JAIPAL SINGH

    September 11, 2018

    Lol

    Reply
  • Gaurav Sharma

    October 6, 2018

    Just stop misleading people.U hate Bjp,Modi ,India its ur outlook.but there are almost a million people following you DO NOT MISLEAD THEM…..

    Reply
  • Nikhil Raj

    October 21, 2018

    Just keep it up , bro

    Reply
  • SURAJ CHAKRABORTY

    October 29, 2018

    I saw the video in 2018octobet so what happens in now

    Reply
  • Ratzz

    November 11, 2018

    Bank ne nhi Congress ne dilwaya h loan

    Reply
  • Sarfraz Alam

    November 15, 2018

    I really appreciate you
    We all r very interested to see your video.
    And always make a awareness
    video.
    Thank you so much

    Reply
  • Muhammad Arsalan

    November 16, 2018

    Reported.

    Reply
  • Jaydev patel

    November 26, 2018

    You are a lier and it’s a fact 😆

    Reply
  • Manas kumar Malik

    December 1, 2018

    Bhai a sab pehele nahi thha.jab se ye modi sarkar aaya he ye sare problem aarahahe.yesa kue karte he marne ke baad kya lejayege saath mye.

    Reply
  • Am Ramola

    December 6, 2018

    In India everybody and everyone is sellouts

    Reply
  • kamal uddin peace

    December 11, 2018

    Modi ka bap dega

    Reply
  • Govind Kevat

    December 17, 2018

    good job sir

    Reply
  • Deepti C

    December 17, 2018

    Ap hmesha bjp k peeche kyn pade rhte ho.. ap Congress k scam pe research kyn nh krte.. n ap Jaise logo k wajah se Rahul Gandhi Jaisa gadha PM banane k sapne Dekh rha hai . Jisne ek single speech tak proper manner Mai nh di

    Reply
  • Arun Behera

    December 26, 2018

    Plz make a vefio of jandhan yojana

    Reply
  • Ajit Yadav

    December 30, 2018

    Worst government of all time…..it willl never ever come again….itni gussa arhi na …itna galat kr rhi h…logo ki ankhe abhi tk nhi khuli h

    Reply
  • Navdeep Aggarwal

    January 6, 2019

    modi government taking scam to next level

    Reply
  • zero by zero

    January 14, 2019

    Bhi tU MNC k against kuch nahi bolta Jo log Des chalaraha hai

    Reply
  • Anriudh chauhan

    January 14, 2019

    Pls Make a video on Gujarat riots

    Reply
  • Krishna M

    January 23, 2019

    Please give your analysis on Godhra incident and subsequent riots

    Reply
  • Shatadru Ray

    February 14, 2019

    It will be definitely implemented if NDA comes back to power

    Reply
  • Musafir Life

    March 16, 2019

    Black money and baki Paise Maliya , Modi se leke aao….Desh dubrahey……India or vi bad situation m chale jayega

    Reply
  • Vikash kushwaha

    March 22, 2019

    Tere hisab se kya karna chahiye

    Reply
  • Vikash kushwaha

    March 22, 2019

    government ne kabhi private bank ka pesa to dubne nahi diya

    PSB ka kaha se depne degi

    Or malya ke baap ko bhi pesa dena padega

    News pada kar be

    Reply
  • Vikash kushwaha

    March 22, 2019

    Nirab modi padka gaya

    Update kr apni news ko

    Reply
  • Vikash kushwaha

    March 22, 2019

    DBT

    jan dhan me nahi to kya tere muh me ayegi

    Reply
  • Manish

    May 17, 2019

    You are an educated illiterate…

    Reply
  • lucky KUMAR

    June 5, 2019

    Sir logo ko aapki baat samajh nhi aati hai. Unko gaye or gobar Chahiye. But you are doing great job sir

    Reply
  • Anand kapri

    September 1, 2019

    Bhai bahut huwa ab to bas kar

    Reply
  • abhijit chatterjee

    September 19, 2019

    I DONOT WANT FRDI I'LL NEVER SUPPORT

    Reply
  • Sharad Jain

    September 24, 2019

    इस तरह के बिलो से छुटकारा पाने के लिए ये वीडियो देखो कैसे Right to recall लाकर इन नेताओ के भ्रष्टाचार को कैसे खत्म कर सकते है
    https://youtu.be/G4vpUkhHChQ

    Reply
  • U Vlogs

    September 24, 2019

    Finally bro….this impose to PCM bank ☹☹

    Reply
  • Mohsin Khan

    September 25, 2019

    PMC bank ne kar diya lol

    Reply
  • SURYAKANT PATRE

    September 26, 2019

    And today in 2019 PMC bank mein daka daal hi diya modi ne. Bas 2 saal bad hi proof dikhne lag gaye

    Reply
  • Manoj Barse

    September 29, 2019

    Modi sarkar logon ko loot rahi hai

    Reply
  • Mithun Kumar

    September 29, 2019

    little knowledge dangerous you should not have knowledge about insolvency act and other related act.

    Reply
  • Nadeem khan 94635

    September 29, 2019

    Bhut vdhi ho gya

    Reply
  • Nadeem khan 94635

    September 29, 2019

    Frdi bhut vdhya ho gya sale chora da pesa khtm ho je ga

    Reply
  • Mohammed Aman

    October 1, 2019

    Already hinted in Islam 1400 years back. Banks and currencies are delusions. These are tools to loot the public. That’s why barter system and gold coins were used earlier for transactions.

    Reply
  • liberal thinker

    October 4, 2019

    Who is here after pmc bank corruption

    Reply
  • Shashank Kumar

    October 9, 2019

    Sun kar hi dimag garam hogya Aisa bill k bare m sochne wala hi maakaloda hai

    Reply
  • Sagar Patil

    October 10, 2019

    Bhai pmc is related to NCP-sharad pawar, do Reasearch on it and do video, so many corrupt people's in Maharashtra

    Reply
  • Zubanthung Tungoe

    October 13, 2019

    I can read by your face that u don't like Arun Jaitley.. 👍

    Reply
  • Stephanie Ellison

    October 18, 2019

    Namaste Dhruv. I should explain briefly why I'm watching this video and the PMC failure video. I am an American citizen living outside of the US in India because I can no longer afford to live there on the income I get and the government assistance I get. My income is about half the median income of the area I used to live in. I understand what you are referring to: bail-ins. We have that in the US, which is why 75% (and increasing) of my assets are outside of the US AND outside of the banking system, period.

    However, I see your point about the FRDI and how the GOI would be able to decide how much to pay you back. Isn't the fact that just a measly lakh is insured per bank a bail-in anyway?? I mean, if you are among the top 5% of savers in Bhārat, you're going to have at least 5 lakh in the bank! That is at minimum an * 80% * haircut! In comparison, FDIC insurance for depositors in normal economic conditions would cover up to $250,000 USD, but the vast majority of people do not have even $1,000 saved for an emergency, and the Houston Texas area cost of living is over 4 times that of Baroḍā in Gujarāt, for instance. That, to me, is a bail-in that is not as bad or capricious as what FRDI would have been, but STILL a bail-in.

    I so wish I could participate in Bhārat but I am not a citizen here. However, I can help educate to get people organized the western banking class. Demonetization was part and parcel of the process to force people to go digital so that RBI can control completely the money supply and track everyone. I will send you a message on your FB page so that I can show you articles I have written post-DeMoney.

    Reply
  • Chander Shekhar

    October 19, 2019

    BITCOIN 🙂 🙂

    Reply
  • ABHISHEK GUPTA

    October 19, 2019

    makar admi, spreading lies. Ayse Videos ki wajah se newspapers at that time had to come up with articles that FRDI has no such purpose. Read this article before believing this video
    https://economictimes.indiatimes.com/blogs/cursor/worry-not-over-frdi-bill/

    Reply
  • Game Box

    October 21, 2019

    PMC bank ek is ka hi part hai

    Reply
  • Sumanto Bhattacharya

    October 26, 2019

    Indians wanted no opposition

    Reply
  • Amar jyoti Sarma

    October 26, 2019

    Now NPA is BLACK money … Its a conspiracy

    Reply
  • dr.savita kumari

    October 28, 2019

    Bank depositors ka paisa unke controls me rahna chahiye na ki govt k , bank dubti h to govt ki galti h na ki Janta ki ?

    Reply
  • Saurav Sharma

    October 29, 2019

    Yeh Arun jaitley to demonetization se pehle hi mar jata to acha hota..

    Reply
  • Jh Rnc

    October 30, 2019

    Note bandi hi eska ek hissa hai economic damadol ka
    5trillions income eshi se hoga
    Board may modi dalal hoga

    Reply
  • Mahesh Vedak

    October 30, 2019

    Ambaani ke bank account se le lo na modiji

    Reply
  • Junaid Dhole

    October 31, 2019

    Gaddar Modi Sarkar ke. Modi bhakt.aap Pakistan bhaijengy

    Reply
  • Rozario Lawrence's

    November 2, 2019

    Bull shit nobody will keep money in bank if FRDi bill comes and also from abroad no body will send money bank to bank

    Reply
  • Sunil mehta

    November 3, 2019

    FRDL BILL NOT PASS VERY BAD BILL FRDL TOTAL GOVT PLANNING RS CAPTURE IN BANK CUSTER. DON'T PAS

    Reply
  • Abhi Paray

    November 6, 2019

    Hence proved

    Reply
  • Indushekhar Dongre

    November 9, 2019

    If u take 1lack RS loan from bank it is your responsibility, and if u take 1billon RS loan from bank it is bank's responsibility

    Reply
  • komal singh verma

    November 15, 2019

    Vo galti 2004 me kya tha uska NPA bhugat rahe hai

    Reply
  • Makak Burhaan

    November 26, 2019

    Thanks

    Reply

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