Banking Awareness - Banking Acts, Reforms & Risk Management
If a depositor holds accounts in two different insured banks, the DICGC insurance cover is:
If a depositor holds accounts in two different insured banks, the DICGC insurance cover is:
hard Q8 of 15
Step-by-Step Solution
Step 1: Recall the rule
Coverage is per depositor per bank.Step 2: Apply to multiple banks
Each bank provides a separate insurance limit.Final Answer:
Provided separately up to ₹5 lakh in each bank → Option BQuick Check:
Two banks = two insurance limits ✅
Quick Trick: New bank, new insurance limit.
Common Mistakes:
MISTAKES- Clubbing deposits across different banks.
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