AS per Deposit Insurance and Credit Guarantee Corporation (Amendment) Bill, 2021, up to what amount the depositors of a stressed bank, put under moratorium, will be able to withdraw within 90 days?

Q. AS per Deposit Insurance and Credit Guarantee Corporation (Amendment) Bill, 2021, up to what amount the depositors of a stressed bank, put under moratorium, will be able to withdraw within 90 days?

(a) Rs 5 lakh

(b) Rs 2 lakh

(c) Rs 6 lakh

(d) Rs 3 lakh

Answer.

(a) Rs 5 lakh

Solution.

(a) Rs 5 lakh