What does 'Insurance up to ₹5 lakh under DICGC' mean?
This means your deposits (like FDs) with a bank are insured up to ₹5 lakh by the Deposit Insurance and Credit Guarantee Corporation (DICGC), including principal and interest, in case the bank fails.
This means your deposits (like FDs) with a bank are insured up to ₹5 lakh by the Deposit Insurance and Credit Guarantee Corporation (DICGC), including principal and interest, in case the bank fails.
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