IEPFA Partners with DBS for Financial Awareness | 20 Feb 2024
In a significant move towards enhancing investor awareness and protection, a memorandum of understanding (MoU) was signed between the Investor Education and Protection Fund Authority (IEPFA) and the Development Bank of Singapore Ltd (DBS) in New Delhi.
- The IEPFA was set up on 7th September 2016, under the aegis of the Ministry of Corporate Affairs, Government of India, for administering the Investor Education Protection Fund (IEPF) for making refunds of shares, unclaimed dividends, and matured deposits/debentures, among other things, to investors.
- IEPF promotes awareness and protects the interests of investors.
- The IEPFA has conducted several Investor Awareness Programmes aimed at increasing financial literacy and empowering investors to protect themselves from financial fraud.
- DBS is a leading financial services group in Asia with a presence in 19 markets. DBS Bank India Limited is the first major foreign bank to function as a wholly-owned, locally incorporated subsidiary in India.
- It offers banking services for enterprises and individuals across all scales.