What is Depositor Education and Awareness Fund: The deposits becoming due to be transferred to DEA Fund (i.e., unclaimed for 10 years), in ...

The Reserve Bank of India (RBI) notified the "Depositor Education and Awareness Fund Scheme, 2014," which covers unclaimed deposit norms an...

The Reserve Bank of India has asked banks to identify accounts that have not had any customer-initiated transactions in over ten years. As ...

The banks will transfer unclaimed funds to special account designated by the Reserve Bank of India dubbed as the Depositor Education and Aw...

Through its public awareness campaigns, the Reserve Bank encourages members of the public to locate and contact the relevant bank for claim...

Despite increased interest in health insurance after the pandemic broke out, very little has translated into business for insurers. YoY inc...

Any amount remaining unclaimed for more than ten years shall be credited to the Depositor Education and Awareness Fund.

The apex banking regulator said the selection process involved a scrutiny by an internal team of the RBI followed by an assessment of the a...

In the first tranche in January this year, RBI found 20 institutions suitable for registration to get assistance from the fund.

RBI released the names of 20 entities that have been approved by the DEA Fund Committee for registration for seeking financial assistance.

Banks have been directed to transfer inoperative deposit accounts and balances (along with interest) that are unclaimed for 10 years or mor...

The RBI directive came in the wake of rising cases where banks claimed substantial refunds from the Depositor Education and Awareness Fund,...

The criteria for registering institutions, organisations and associations for grant of financial assistance is part of the Depositor Educat...

The RBI had asked banks to remit deposits classified as unclaimed to the Depositor Education and Awareness Fund (DEAF) by June 30, 2014.

Unclaimed bank deposits, which are estimated at Rs 3,500 crore, will be utilised for education and awareness of depositors, the Reserve Ban...

The RBI proposed that unclaimed bank deposits, estimated at over Rs 3,500 crore, be utilised for education and awareness of depositors.

Funds in deposit accounts that have not been operated for more than 10 yrs will be credited into a “depositor education and awareness fund”...