The deposit insurance premium is paid by:
AThe state
BThe auditor
CThe bank
DThe saver
Answer & Solution
Correct answer: C. The bank
1. The depositor is not asked to contribute.
2. The cover is a charge on the institution.
3. The insured bank bears the premium entirely.
_Source: DICGC, Guide to Deposit Insurance_
Related questions
Deposit insurance premium is now collected from banks:The DIC and the CGCI merged into the DICGC in:India was which country in the world to insure bank deposits?The Deposit Insurance Corporation began functioning on:A depositor of a bank under AID must submit a signed:The DICGC verifies an AID claim list within:A bank under AID must furnish the depositor list within:The DICGC may cancel registration if premium is unpaid for: