IT & Software Open

Unclaimed Assets - Booklet

Reference: RBI/202603011815453680


Organization

RBI

State

India

Tender Value

Not Specified

EMD Amount

Not Specified

Published Date

01 Mar 2026

Closing Date

N/A


Description

Depositor Education and Awareness Fund (DEA Fund) Frequently Asked Questions (FAQs) transfers, demand drafts, pay orders, bankers cheques, sundry deposit accounts, vostro Q1. What is The Depositor Education and Awareness accounts, inter-bank clearing adjustments, (DEA) Fund Scheme, 2014, the Depositor unadjusted National Electronic Funds Education and Awareness (DEA) Fund and when Transfer (NEFT) credit balances and other did this Scheme come into effect? such transitory accounts, unreconciled credit “The Depositor Education and Awareness Fund balances on account of Automated Teller (DEA Fund) Scheme, 2014” was formulated Machine (ATM) transactions, etc.; by the Reserve Bank of India in exercise of the (j) undrawn balance amounts remaining in any powers conferred upon it under Section 26A of prepaid card issued by banks but not amounts the Banking Regulation (BR) Act, 1949 and all outstanding against travellers cheques or the powers enabling it in this behalf. Under the other similar instruments, which have no provisions of this Section, RBI has established maturity period; the Depositor Education and Awareness Fund (k) rupee proceeds of foreign currency deposits (Fund). The Scheme has come into effect from held by banks after conversion of foreign Depositor Education and Awareness May 24, 2014, i.e., the date of notification of the currency to rupees in accordance with extant Scheme in the Official Gazette of India. foreign exchange regulations and Fund (DEA Fund) Q2. Which are the amounts credited to DEA Fund? (l) such other amounts as may be specified by the Reserve Bank from time to time. The amounts credited to the DEA Fund are Unclaimed Bank Deposits the credit balances in any deposit account Q3. When are the above specified amounts credited maintained with banks (Commercial Banks, to the DEA Fund? Co-operative Banks), which have not been The banks are required to transfer the credit balance operated upon for 10 years or more by the in the accounts referred in


Tender Details

Tender Type

Services