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

  • google app store apple app store
  • ✖

      Question

      The Finance Ministry is considering increasing the deposit

      insurance limit beyond ₹5 lakh. When was the limit last revised from ₹1 lakh to ₹5 lakh?
      A 2018 Correct Answer Incorrect Answer
      B 2019 Correct Answer Incorrect Answer
      C 2020 Correct Answer Incorrect Answer
      D 2021 Correct Answer Incorrect Answer
      E 2022 Correct Answer Incorrect Answer

      Solution

      The Deposit Insurance and Credit Guarantee Corporation (DICGC) raised the insurance limit from ₹1 lakh to ₹5 lakh in 2020 after the Punjab and Maharashtra Cooperative Bank crisis.

      Practice Next
      ask-question