Question
A depositor asks whether her fixed deposit of Rs. 4 lakh in a bank is protected if the bank fails. Which body insures bank deposits up to Rs. 5 lakh per depositor?
Option 2 : Deposit Insurance and Credit Guarantee Corporation
Detailed Solution
सही उत्तर Deposit Insurance and Credit Guarantee Corporation है।
The Deposit Insurance and Credit Guarantee Corporation (DICGC) insures bank deposits up to Rs. 5 lakh per depositor per bank.
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prepsnap.in • GeneralQuestion:
A depositor asks whether her fixed deposit of Rs. 4 lakh in a bank is protected if the bank fails. Which body insures bank deposits up to Rs. 5 lakh per depositor?
Correct Answer: Deposit Insurance and Credit Guarantee Corporation
The Deposit Insurance and Credit Guarantee Corporation (DICGC) insures bank deposits up to Rs. 5 lakh per depositor per bank.