ExamVeda
Login
Home

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

This question belongs to Banking Awareness Banking Awareness Miscellaneous
Banking Awareness miscellaneous
?

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

Answer & Solution
Correct 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.
Examveda
Question posted by Examveda
Community

Join the Discussion

1 Comment
Hirak Biswas
Hirak Biswas 5 years ago
It is 5 Lakh
Keep Learning

Related Questions on Banking Awareness miscellaneous

Section 9 of the Banking Regulation Act prohibits the banking Companies from holding any immovable property except for its own use for a period of not more property. The RBI may extend this period for a further period of ______:
A. 2 years B. 4 years C. 5 years D. 6 years
Which of the following stock exchange is derecognized by SEBI on 19.11.2014 on the allegations of serious irregularities in its functioning?
A. Bombay Stock Exchange B. Delhi Stock Exchange C. Calcutta Stock Exchange D. Bangalore Stock Exchange
Which of the following is not a function of General Insurance?
A. Cattle Insurance B. Crop Insurance C. Fire Insurance D. Medical Insurance
Liability- side of the balance-sheet comprises:
A. Capital and reserve B. Long-term liabilities C. Current liabilities D. All of the above
More Related Questions on Banking Awareness miscellaneous