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Banking Insurance

Understanding Bank Account Insurance: How much amount is insured in a bank account?

July 15, 2023 by Ezmeralda

How much amount is insured in a bank account? Each depositor in a bank is insured upto a maximum of ? 5,00,000 (Rupees Five Lakhs) for both principal and interest amount held by him in the same right and same capacity as on the date of liquidation/cancellation of bank’s licence or the date on which … Read more

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2023