Question
With effect from February 4, 2020, the Deposit Insurance
and Credit Guarantee Corporation (DICGC) increased the insurance cover for depositors in insured banks from ₹1 lakh to:Solution
With a view to providing a greater measure of protection to depositors in banks, DICGC raised the limit of insurance cover for depositors in insured banks from the earlier level of ₹1 lakh to ₹5 lakh per depositor with effect from 04.02. 2020.
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