The Rajabali Jumabhoy Foundation donated S$25,000 for the Rajabali Jumabhoy Foundation Prize in South Asian Studies. Each academic year, a cash prize of S$500 will be awarded to the best Honours graduate in South Asian Studies. The prize will be awarded by the FASS Board of Examiners on the recommendation of the Head of South Asian Studies Programme.
Three cash prizes of S$100 each will be awarded to the South Asian Studies major student with the highest SJAP (subject average point) of all South Asian Studies modules (including recognised modules) for the following examinations:
- Arts 2 for the degree of B.A.
- Arts 3 for the degree of B.A.
- Arts 4 for the degree of B.A. (Hons)