Does the ₹5 lakhs deposit insurance cover my complete investment?
Yes, absolutely. DICGC insures your investment as well as the interest earned, up to a maximum of ₹5 lakh.
For example:
If you have ₹4.95 lakh in an account and earn ₹4,000 in interest, the DICGC will cover the full ₹4.99 lakh.
However, if you have ₹6 lakh in an account, the DICGC will only cover ₹5 lakh as part of its insurance guarantee.