Are guaranteed investments insured by the government?
Curious about guaranteed investment
It depends on the country and the type of investment. In India, bank deposits such as fixed deposits (FDs) are insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC) up to a maximum of Rs. 5 lakhs per depositor per bank. However, not all guaranteed investments are necessarily insured by the government. It is important to check the terms and conditions of the investment and the regulatory authority overseeing it to understand the level of protection it offers.