Under the Depositor Education and Awareness Fund (DEAF) Scheme 2014, the Reserve Bank of India (RBI) will offer financial aid to universities as well as educational institutes in the country. The RBI had earlier stated that all unclaimed deposits with banks, which is estimated to be more than Rs 3,600 crore, will be deposited in the DEAF. The scheme enabled banks to reclaim from the fund, in case an investor approached the bank after a period of 10 years. The fund was supposed to be run by an RBI panel. RBI has now invited comments detailing such institutes which qualify for the aid. Members of public, banks, academia, industry and other stakeholders may send their comments on the criteria. A draft listing the criteria to register institutes for grant of financial aid has been has been prepared by RBI. Under the criteria, the central bank will consider institutes/organizations which have already taken initiatives regarding depositor awareness and education or are planning to commence depositors' education programs, conducting seminars as well as research activities. Under the proposed Jan Dhan Yojana, every household should get a bank account. During the next phase, citizens with bank accounts will also be provided credit services, insurance options as well as other investment facilities. According to a newspaper, RBI has set some other criteria to consider institutes for the grant. Except for institutes with special exemption from RBI, they need be in existence for five years before their application for registration. Moreover, the members of such institutes need to have a clean track record. RBI may also think about institutes partly or wholly financed by the government/local authority as well as a regimental fund/non-public fund set up by the armed forces of the Union towards the welfare of past/present members of the forces and their dependents.