RBI calls for fresh applicants to grant depositor awareness funds

The Reserve Bank of India (RBI) has decided to call for fresh applications ‘on tap’ for grant of financial assistance from the Depositor Education and Awareness Fund (DEAF). The RBI has unveiled guidelines on the criteria for registering institutions, organisations and associations in this regard. Registered entities may apply for financial assistance from the Depositor Education and Awareness Fund (DEAF) by providing details of their proposed projects. Entities engaged in activities relating to educating bank depositors are eligible to register.  The entities recognised by the Committee will be considered for grant-in-aid as a onetime measure or in stages by way of reimbursement, depending upon the nature of activity proposed.