What is the maximum deposit amount insured by the DICGC (Deposit...

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What is the maximum deposit amount insured by the DICGC (Deposit Insurance and Credit Guarantee Corporation)?

A. Rupees One Lakh

B. Rupees Two Lakh

C. Rupees Three Lakh

D. Rupees Five Lakh

Answer: Option D

DICGC insures all bank deposits, such as saving, fixed, current, recurring deposit for up to the limit of Rs. 500,000 of each depositor in a bank.

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