what is the maximum deposit amount insured by the DICGC
Excellent question. Everyone should know what is the maximum deposit amount insured by DICGC. The answer to your question is Rs. 5 lakhs. Let me explain it to you in a bit more detail.
Each depositor is insured of up to Rs. 5 lakhs for principal amount and interest earned per bank.
DICGC or Deposit Insurance and Credit Guarantee Corporation is a subsidiary of the Reserve Bank of India.