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Each depositor in a bank is insured up to a maximum of:
AFour lakh rupees
BNine lakh rupees
CSeven lakh rupees
DFive lakh rupees
Answer & Solution
Correct answer: D. Five lakh rupees
1. The cover applies per depositor per bank.
2. It runs to the date of liquidation or licence cancellation.
3. The limit is five lakh rupees.
_Source: Deposit Insurance and Credit Guarantee Corporation, Guide to Deposit Insurance and depositor FAQs_
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