DICGC stands for

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

DICGC stands for

A	Deposit Investment and Credit Guarantee Corporation
B	Deposit Insurance and Credit Guarantee Corporation
C	Deposit Insurance and Credit Guarantee Company
D	Demand Insurance and Credit Guarantee Corporation

Explanation:

Detailed explanation-1: -A Guide to the deposit insurance and credit guarantee corporation (DICGC)

Detailed explanation-2: -Deposit Insurance and Credit Guarantee Corporation (DICGC) is a wholly-owned subsidiary of the Reserve Bank of India (RBI). It provides deposit insurance that works as a protection cover for bank deposit holders when the bank fails to pay its depositors.

Detailed explanation-3: -The DICGC insures all deposits such as Savings, Fixed, Current, Recurring etc. Each depositor in a bank is insured up to a maximum of ₹ 5, 00, 000 (Rupees Five Lakhs) for both principal and interest amount held by him/her in the same right and capacity.

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