Financial Institutions Flashcards by Anita Ss | Brainscape

Q

Deposit insurance and credit guarantee corporation( DICGC)

A

Subsidiary of RBI
Established on 15th July 1978
Under DICGC act, 1961
For providing insurance of deposits and guarantee of credit facilities
Ensure all Bank deposit such as:
saving, fixed, current ,recurring deposit for up to the limit of ₹ 5 Lakh of each deposit in a bank.

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