 financial memorandumclause 3 of the bill provides that limit of insurance cover will be available for different accounts held jointly by depositors by treating them as separate accounts, this may involve additional expenditure in some cases a precise estimate cannot be made, it is likely that an annual tecurring expenditure of rupees ten crore may be involved no non-recurring expenditure is likely to be involved, annexureextract from tre depostr insurance and creprt guarantee corporatton act, 1961, (acr no 47 of 1961)     4  2 © ¥ "  + definitions, (g) "deposit" means the aggregate of the unpaid balance due to a depositor (other than a foreign government, the central government, a state government, a corresponding new bank, a regional rural bank or a banking company or a co- operative bank in respect of all his accounts, by whatever name called, with a cortesponding new bank or with a regional rural bank or with a banking company or a co-operative bank and includes credit balances in any cash credit accounts but does not include, -       16, (1)    fs  liability of , corporation in       respect of insured provided further that the total amount payable by the corporation to any one deposits depositor in respect of his deposit in that bank in the same capacity and in the same right shail not exceed one thousand and five hundred rupees: provided further that the corporation may, from time to time, having regard to its financial position and to the interests of the banking system of the country as a whole, raise, with the previous approval of the central government, the aforesaid limit of one thousand and five hundred rupees ¥     