Unclaimed deposits of Rs 48,461 crore transferred to Depositor Education & Awareness Fund:

Daily Current Affairs / Unclaimed deposits of Rs 48,461 crore transferred to Depositor Education & Awareness Fund:

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Category : National Published on: August 11 2023

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Unclaimed deposits worth Rs 48,461.44 crore pertaining to 16,79,32,112 accounts have been transferred by the banks to Depositor Education & Awareness Fund as on March 31, 2023, informed to the Parliament.
The Central Government introduced the Investor Education and Protection Fund (IEPF) to protect investors’ interests and promote awareness.