IEPFA and DBS Bank Collaborate to Enhance Investor Awareness

The Investor Education and Protection Fund Authority (IEPFA), operating under the Ministry of Corporate Affairs, has partnered with DBS Bank to bolster awareness regarding investment safety and fraudulent schemes. The Memorandum of Understanding (MoU) between these entities aims to utilize DBS Bank’s digital platforms to disseminate crucial messages to investors across India.

Key Highlights of the Collaboration

1. Objectives of the MoU:

• Strengthening investor awareness efforts.
• Proactive engagement with users through various channels.
• Enhancing responsiveness to the authority’s mandate.

2. Utilization of Digital Platforms:

• Displaying safety messages on ATM screens during banking transactions.
• Featuring safety messages prominently on the bank’s website.
• Sending safety messages through WhatsApp and other messaging platforms.
• Showcasing safety messages on digital screens within DBS Bank branches.
• Maximizing exposure through social media accounts.

3. Ceremony Attendees:

• Smt. Anita Shah Akella, Joint Secretary, MCA, and CEO of IEPFA.
• Lt. Col. Tushar Anand, General Manager of IEPF Authority.
• Shri Rajiv Bagga, Executive Director, and India Head of Government Business at DBS Bank.

4. Previous Collaborations:

• MoUs signed with Bank of Baroda and ICICI Bank for similar activities.

5. IEPFA’s Initiatives:

• Conducting Investor Awareness Programmes to increase financial literacy.
• Empowering investors to protect themselves from financial fraud.

About IEPFA

• Established on September 7, 2016, under the Ministry of Corporate Affairs, Government of India.
• Administers the Investor Education and Protection Fund for various investor-related purposes.

About DBS Bank

• Leading financial services group in Asia with a presence in 19 markets.
• Operating in India for 29 years with a network of ~530 branches in 19 Indian states.
• Offers a range of banking services for enterprises and individual consumers.
• DBS Bank India Limited is the first large foreign bank in India to operate as a wholly-owned subsidiary of a global bank.