Question

Q. Which of the following banks are insured by the Deposit Insurance and Credit Guarantee Corporation?

Select the correct answer using the codes given below:

• A. 1, 3 and 4 only
• B. 1, 2, 3 and 4
• C. 2 and 3 only
• D. 1 and 3 only

Answer 1

The correct option is A 1, 3 and 4 only

Explanation:

List of insured banks under Deposit Insurance and Credit Guarantee Corporation (DICGC):

• Public sector banks
• Private sector banks
• Foreign banks
• Small Finance banks
• Payment banks
• Regional rural banks
• Local area banks
• State cooperative banks
• District central cooperative banks
• Urban cooperative banks

Note: Primary cooperative societies are not covered under DICGC.