According to Prof Nageshwar, the central government used to bail-out loss making financial institutions like banks by infusing money. Now, the BJP-led NDA government has proposed the FRDI Bill. The bail-in term in clause 52 of the FRDI Bill states that the banks can bail-out from losses by using their depositors money either parked in savings or fixed deposits. The banks can convert fixed deposits into long-term shares and pay only part of the FD to a depositor. Nageshwar said that the Indian Constitution has guaranteed every citizen of his money protection in nationalised banks.