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Procedure for opening & operating FCRA Account


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This document outlines the procedure for opening and operating a designated 'FCRA Account' as mandated by the amended Foreign Contribution (Regulation) Act, 2010. It specifies that foreign contributions must be received in this account, with the State Bank of India's New Delhi Main Branch being the designated primary location. The notice clarifies rules for existing and new FCRA account holders, including deadlines for transitioning to the new account and the ability to open secondary accounts for utilisation. This is essential reading for NGOs and associations registered or seeking prior permission under FCRA.

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Procedure for opening & operating the designated "FCRA Account" as provided under the amended Section 17(1) of The Foreign Contribution (Regulation) Act,2010 #pdf

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  on 28 November 2020
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