Depositor Education and Awareness Fund (DEAF)

iAbout This Scheme

The Depositor Education and Awareness Fund, established under the Banking Regulation Act by RBI in 2014, collects unclaimed deposits of banks (deposits unclaimed for 10+ years) and uses the funds for depositor education, financial literacy, and awareness campaigns. Depositors can still claim their original amount with interest even after transfer to DEAF.

🎁Key Benefits

• Unclaimed deposit funds used for financial literacy and depositor education
• Depositors retain right to claim original amount plus interest from their bank
• Banks must transfer unclaimed deposits of 10+ years to DEAF
• RBI uses DEAF corpus to fund RBSI and financial literacy initiatives
• Reduces dormant account exploitation
• Centralized tracking of unclaimed deposits

✅Eligibility Criteria

• 1
  Applies to all bank account holders; depositors with unclaimed accounts can claim from their bank

📝How to Apply

❓Frequently Asked Questions