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NexGen School of Financial Market One Hundred Frequently Asked Questions on Basic Finance What is deposit insurance?

What is deposit insurance?

by NexGen Trading Academy  ·  Unit 97 of 100

Deposit insurance is a protection mechanism that safeguards eligible bank deposits up to the limit specified under applicable regulations if a participating bank is unable to meet its financial obligations. The scheme is intended to strengthen public confidence in the banking system by providing a defined level of protection to depositors.

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