DEPOSITOR EDUCATION AND AWARENESS FUND (DEA FUND)

Timeline:

• Section 26A in the Banking Regulation Act, 1949 empowers the RBI to establish Depositor Education and Awareness Fund (DEA Fund).
  
  
• Accordingly, a Scheme was formulated and notified in the Official Gazette In 2014. The Scheme envisages registration of institutions and grant of financial assistance to them for promotion of depositors’ awareness.
  
  
• With a view to widening and deepening depositor awareness efforts, it has now been decided to invite applications ‘on tap’ for registration of eligible entities.