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      Question

      If a depositor holds multiple accounts in the same bank,

      how does DICGC insurance coverage apply?
      A Each account insured separately up to тВ╣5 lakh Correct Answer Incorrect Answer
      B Total deposits clubbed and insured up to тВ╣5 lakh per depositor per bank Correct Answer Incorrect Answer
      C Only one account insured per bank Correct Answer Incorrect Answer
      D Only fixed deposits are insured Correct Answer Incorrect Answer
      E DICGC does not insure joint accounts Correct Answer Incorrect Answer

      Solution

      Insurance is provided per depositor per bank, not per account.

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