Suppose i have a joint a/c in a bank with my wife where i am the first (and primary) account holder and the bank iss insured by the DICGC
Suppose, we have 8 lakhs in Term/Fixed deposits 4 lakhs on my name (she is joint holder) and 4 lakhs on her name (i am joint holder). a(nd lests assume a zero balance Savings a/c)
Are we insured for the entire amount of Rs 8 lakhs or would the insurance top out at 5 lakhs for both these Term deposit holdings
Thankyou
