Ch.1 · Comparing Financial Products · medium
What is the deposit insurance coverage available to bank depositors in India as per DICGC?
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EXPLANATION
The Deposit Insurance and Credit Guarantee Corporation (DICGC) insures bank deposits up to ₹5 lakh per depositor per bank (across all branches). This limit was revised from ₹1 lakh to ₹5 lakh in February 2020.
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