Updated for 2026 Syllabus Detailed Explanations High-Yield Core Concepts

Bank Promotion Exam Guide

Banking Awareness | Banking Knowledge | for all Bank Exams

Module: | Claims Process and Liquidation Rules

Q10: In the event that a bank is under liquidation, who should a depositor approach to claim their unclaimed deposit amount that was previously transferred to the DEA Fund?

A
The Reserve Bank of India (RBI) directly
B
The Deposit Insurance and Credit Guarantee Corporation (DICGC)
C
The Liquidator of the bank
D
The nearest operating branch of any public sector bank
✅ Correct Answer: C
In the case of a bank under liquidation, the depositor must approach the Liquidator of that bank to make a claim.