Which institution notified the ‘Depositor Education and Awareness’ Fund?.
Reserve Bank of India.
2023 July
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Banks have been given a total of 5,729 crore from the "Depositor Education and Awareness" (DEA) Fund as compensation for unclaimed deposits. The Reserve Bank of India (RBI) announced the "Depositor Education and Awareness Fund Scheme, 2014," which outlines how the fund will be used, including promoting depositors' interests and other goals that the RBI has specified.