Assume that Mr. Prasanna and his family members have fixed deposits with a bank as follows :

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Assume that Mr. Prasanna and his family members have fixed deposits with a bank as follows :

Name(s) of Depositor(s)

Deposit Amount

Prasanna

Rs. 7,00,000

Prasanna & Mrs. Ramanathan

Rs. 5,00,000

Prasanna & his daughter

Rs. 6,00,000

Prasanna

Rs. 2,00,000

If the bank fails, how much will Mr. Prasanna and his family members receive from deposit insurance? Explain with reasons.

Posted Date: May 19, 2024 04:13 PM

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Assume that Mr. Prasanna and his family members have fixed deposits with a bank as follows :

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