DICGC full form

Meaning : Deposit Insurance and Credit Guarantee Corporation of India

Category : Finance
Sub Category :Institution  
Type : Initialism

Deposit Insurance and Credit Guarantee Corporation of India

What is the full form of DICGC and meaning ?

The DICGC that is operated by the RBI and provides insurance and protection to people who deposit money into banks.In case the bank closes down then the people wont lose their investment and the DICGC will repay them their principal amount that was deposited.