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When is DICGC liable to pay?

By IndianMoney , 8 months ago

1. If a bank goes into liquidation, DICGC is liable to pay to the liquidator the claim amount of each depositor up to Rs 5 lakh within two months from the date of receipt of the claim settlement list from the liquidator. 2. The liquidator has to disburse the claim amount to each insured depositor corresponding to their claim amount.

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