Does the ₹5 lakhs deposit insurance cover my complete investment?
The DICGC insures your investment amount, and the interest earned, up to a maximum amount of ₹5 Lakhs.
For example, if you have an account with an investment amount of ₹4.95 Lakhs and accrued interest is ₹4,000. The total amount insured by the DICGC would be ₹4.99 Lakhs. However, if the investment amount in that bank was ₹6 lakhs, only ₹5 lakhs would be covered under this insurance.
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