BANKING GENERAL KNOWLEDGE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Which organization pays the insurance premium for getting the bank deposits insured?
|
|
RBI
|
|
|
Individual banks
|
|
|
Account holders
|
|
|
There is no payment of premium
|
Explanation:
Detailed explanation-1: -Deposit insurance provided by DICGC covers all commercial banks, including Payment Banks, Small Finance Banks, Regional Rural Banks, Foreign Bank branches in India, Local Area Banks and Co-operative Banks in all States and Union Territories.
Detailed explanation-2: -Who pays the cost of deposits insurance? Deposit insurance premium is borne entirely by the insured bank.
Detailed explanation-3: -DICGC insures all bank deposits, such as saving, fixed, current, recurring, etc.
Detailed explanation-4: -The Federal Deposit Insurance Corporation (FDIC) is an independent agency created by Congress to maintain stability and public confidence in the nation’s financial system.
There is 1 question to complete.