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Deposit insurance premium is now collected from banks:
AEvery hour
BFortnightly
CEvery year
DHalf yearly
Answer & Solution
Correct answer: D. Half yearly
1. Premium was once collected quarterly.
2. The cycle was later stretched out.
3. It is now collected half yearly.
_Source: Deposit Insurance and Credit Guarantee Corporation, Guide to Deposit Insurance and depositor FAQs_
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