alleryDICGC insures bank deposits up to what amount per depositor?
ARs 1 lakh
BRs 2 lakh
CRs 5 lakh
DRs 10 lakh
Answer & Solution
Correct answer: C. Rs 5 lakh
1. The question asks: DICGC insures bank deposits up to what amount per depositor.
2. Correct answer: Rs 5 lakh.
3. Since 2020, DICGC cover is Rs 5 lakh per depositor per bank.
_Source: BOI Quick Revision — General Banking & Financial Awareness (2020), Deposit Insurance_
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