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    Question

    With effect from February 4, 2020, the Deposit Insurance

    and Credit Guarantee Corporation (DICGC) increased the insurance cover for depositors in insured banks from ₹1 lakh to:
    A ₹2 lakh Correct Answer Incorrect Answer
    B ₹3 lakh Correct Answer Incorrect Answer
    C ₹4 lakh Correct Answer Incorrect Answer
    D ₹5 lakh Correct Answer Incorrect Answer
    E ₹6 lakh Correct Answer Incorrect Answer

    Solution

    With a view to providing a greater measure of protection to depositors in banks, DICGC raised the limit of insurance cover for depositors in insured banks from the earlier level of ₹1 lakh to ₹5 lakh per depositor with effect from 04.02. 2020.

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