Need Clarification regarding insurance on deposits by DICGC

BISWAJIT PRADHAN (243 Points)

14 March 2020  
Dear Learners,
I have a question that if I have more than one bank account in different banks then shall I be eligible to claim upto Rs. 5 Lakhs under deposit insurance and credit guarantee corporation(dicgc) from each banks at the time of bankruptcy/liquidation of banks as announced by Govt. in this Budget?