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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 ₹5 lakh Correct Answer Incorrect Answer
    B Total deposits clubbed and insured up to ₹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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