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What is the ceiling on amount of Insured deposits kept by one person in different branches of a bank?

April 26, 2017Bank branches ceiling deposits different insured kept person

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What is the ceiling on amount of Insured deposits kept by one person in different branches of a bank?

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The deposits kept in different branches of a bank are aggregated for the purpose of insurance cover and a maximum amount upto Rupees one lakh is paid.