What changed
RBI has revised operational guidelines for the Depositor Education and Awareness (DEA) Fund Scheme, 2014. Banks must register on the e-Kuber system, update authorized signatories, and transfer unclaimed amounts to the DEA Fund. The revised guidelines come into effect from October 1, 2025.
What it means for you
Banks must comply with the revised guidelines to avoid any issues. The DEA Fund Scheme aims to educate and aware depositors about their rights and responsibilities.
What you must do
- Register on the e-Kuber system
- Update authorized signatories
- Transfer unclaimed amounts to the DEA Fund in accordance with the revised guidelines effective October 1, 2025
- Ensure all legal obligations are met before transferring amounts
Who it affects
Commercial Banks, Regional Rural Banks, Local Area Banks, Small Finance Banks, Payment Banks, Co-operative Banks
What is the deadline for banks to comply with the revised guidelines?
The revised guidelines come into effect from October 1, 2025.
How do banks register on the e-Kuber system?
Banks must share two email IDs with [email protected] to complete the registration process
What is the purpose of the DEA Fund Scheme?
To educate and aware depositors about their rights and responsibilities