Question

    What is the maximum limit for insurance coverage

    provided by the Deposit Insurance and Credit Guarantee Corporation (DICGC) in India?
    A ₹1 lakh per depositor per bank Correct Answer Incorrect Answer
    B ₹5 lakh per depositor per bank Correct Answer Incorrect Answer
    C ₹10 lakh per depositor per bank Correct Answer Incorrect Answer
    D ₹20 lakh per depositor per bank Correct Answer Incorrect Answer

    Solution

    The DICGC provides insurance coverage up to ₹5 lakh per depositor per bank, including both principal and interest amount. This coverage is applicable to savings, fixed, current, and recurring deposits.

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