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      Question

      What is the ceiling on amount of Insured deposits kept

      by one person in different branches of a bank?
      A 2 lakhs Correct Answer Incorrect Answer
      B 3 lakhs Correct Answer Incorrect Answer
      C 4 lakhs Correct Answer Incorrect Answer
      D 5 lakhs Correct Answer Incorrect Answer
      E 6 lakhs Correct Answer Incorrect Answer

      Solution

      The deposits kept in different branches of a bank are aggregated for the purpose of insurance cover and a maximum amount of upto Rupees five lakhs is paid.

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