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      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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