Updated for 2026 Syllabus Detailed Explanations High-Yield Core Concepts

Bank Promotion Exam Guide

Banking Awareness | Banking Knowledge | for all Bank Exams

Module: | DEA Fund – Establishment & Legal Basis

Q3: What is the minimum period an amount must remain unclaimed or a deposit account must be inoperative, for the funds to be transferred to the Depositor Education and Awareness (DEA) Fund?

A
5 years or more
B
7 years or more
C
10 years or more
D
12 years or more
✅ Correct Answer: C
Amounts credited to the DEA Fund are from credit balances in deposit accounts that have not been operated upon for 10 years or more, or any amount remaining unclaimed for 10 years or more.