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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