Pay Attention To Bank's Activities
It's enough to trust your bank with your money. As an aware depositor, you must pay attention to the goings-on at your bank. Is it in the news? Why was it in the news? How much is its NPAs? Who are the bank's biggest stakeholders? Who are it's biggest borrowers? Is it profitable in recent quarters? How does it compare to its peer banks? Have there been instances of fraud at the bank?
When you walk into your bank branch, what do you learn from the bank's employees? These are just a few things to keep in mind while evaluating your bank's stability.
A bank can't go bankruptcy just that overnight. There must be some red flags about the collapsing or rather receivership state of a bank actually 3 months prior.