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World MCQ Forum India

Bank deposits are insured by the DICGC up to what amount per depositor per bank?

Correct answer: C. ₹5 lakh

Since February 2020, the Deposit Insurance and Credit Guarantee Corporation covers up to ₹5 lakh (principal and interest) per depositor in each bank.

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Answer and explanation

The correct answer is C. ₹5 lakh

Since February 2020, the Deposit Insurance and Credit Guarantee Corporation covers up to ₹5 lakh (principal and interest) per depositor in each bank.

Topic: Banking and Financial Awareness MCQs · Subject: Indian Economy and Banking