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What is the maximum deposit amount insured by the DICGC?

April 26, 2017deposit dicgc insured maximum

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What is the maximum deposit amount insured by the DICGC?

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Each depositor in a bank is insured upto a maximum of Rs.1,00,000 (Rupees One Lakh) for both principal and interest amount held by him in the same capacity and same right as on the date of liquidation/cancellation of bank’s licence or the date on which the scheme of amalgamation/merger/reconstruction comes into force.