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Podcast: Moneylife News Bites
Episode: Shocking! Rs1.5 Lakh Crore of Public Welfare Funds Locked in RBI’s DEAF Fund
Description: An explosive investigation by Sucheta Dalal uncovers how over Rs1.5 lakh crore belonging to government schemes, welfare programmes, charities, and even military funds has quietly landed in the Reserve Bank of India’s Depositor Education and Awareness Fund (DEAF) — forgotten, unclaimed, and unaccounted for.From ESIC and EPFO accounts to Gram Panchayat Yojanas, Chief Minister’s Relief Funds, and charitable trusts, Moneylife’s research reveals a massive systemic failure — where money meant for public welfare now sits locked away.This audio exposes how RBI’s UDGAM portal, meant to help recover unclaimed deposits, is riddled w...