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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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