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Deposits with which institution are not covered by the DICGC?
AAn NBFC
BAn RRB
CAn SFB
DA UCB
Answer & Solution
Correct answer: A. An NBFC
1. The cover follows banks registered with the Corporation.
2. A finance company is not such a bank.
3. Deposits with an NBFC are not covered.
_Source: Deposit Insurance and Credit Guarantee Corporation, Guide to Deposit Insurance and depositor FAQs_
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