📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

  • google app store apple app store
  • ✖

      Question

      DICGC stands for Deposit Insurance and Credit Guarantee

      Corporation. It is a subsidiary of the Reserve Bank of India (RBI) and provides insurance coverage to depositors in Indian banks. What is the insurance cover per depositor?
      A Rs.1 Lakh Correct Answer Incorrect Answer
      B Rs.5 Lakh Correct Answer Incorrect Answer
      C Rs.10 Lakh Correct Answer Incorrect Answer
      D Rs.12 Lakh Correct Answer Incorrect Answer
      E Rs.15 Lakh Correct Answer Incorrect Answer

      Solution

      The DICGC (Deposit Insurance and Credit Guarantee Corporation) provides deposit insurance cover up to ₹5 Lakhs per depositor, per bank, for both principal and interest across various deposit types (savings, fixed, current, recurring) in case of bank failure. Note – DICGC is a wholly owned subsidiary of RBI.

      Practice Next
      ask-question