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      Question

      DICGC provides insurance coverage of up to how much per

      depositor per bank? 
      A Rs 1 lakh Correct Answer Incorrect Answer
      B Rs 2 lakh Correct Answer Incorrect Answer
      C Rs 5 lakh Correct Answer Incorrect Answer
      D Rs 10 lakh Correct Answer Incorrect Answer
      E Rs 15 lakh Correct Answer Incorrect Answer

      Solution

      The Deposit Insurance and Credit Guarantee Corporation (DICGC) provides insurance coverage of up to Rs 5 lakh per depositor per bank, including principal and interest on savings, current, fixed and recurring deposits. This was applicable following the cancellation of Sarvodaya Co-operative Bank’s licence by RBI.

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