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Can a bank choose to leave the deposit insurance scheme?
AYes, after audit
BNo, it cannot
CYes, with notice
DYes, with consent
Answer & Solution
Correct answer: B. No, it cannot
1. The scheme is not optional for a registered bank.
2. Registration is a condition of doing banking business.
3. No bank can withdraw from it.
_Source: Deposit Insurance and Credit Guarantee Corporation, Guide to Deposit Insurance and depositor FAQs_
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