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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 β‚Ή1 lakh per depositor per bank Correct Answer Incorrect Answer
    B β‚Ή5 lakh per depositor per bank Correct Answer Incorrect Answer
    C β‚Ή10 lakh per depositor per bank Correct Answer Incorrect Answer
    D β‚Ή20 lakh per depositor per bank Correct Answer Incorrect Answer

    Solution

    The DICGC provides insurance coverage up to β‚Ή5 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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