★ Type of A/c – Saving
★ Fund Required: Zero Balance
★ Validity depends on FCRA status
★ Required For: All new FCRA Applicants as well as existing FCRA holders.
Finance Center in association with top pvt banks is offering ‘free of cost’ door step service to open fcra bank account.
If you need it then feel free to make a call back request at financecenter.in/contact
Tightening the rules for NGOs, the Home Ministry has asked as many as 5,845 organisations to open their accounts in banks having core banking facilities and furnish details for real time access to security agencies in case of any discrepancy.
It is the latest in a series of steps taken by the NDA government aimed at checking “errant” NGOs, especially those receiving foreign funding. Registration of more than 10,000 NGOs have been cancelled and more than 1,300 have been denied a renewal over the last three years for various violations.
As of now, there are around 24,000 active NGOs in the country as against 40,000 in 2014—15.
In a communication, 3,768 NGOs have been told that their bank accounts are not available as per core banking format while 2,077 NGOs have been asked to furnish bank accounts details as no such data is available with the home ministry.
The move came after it was detected that many NGOs have their bank accounts in cooperative banks or state government— owned apex banks or banks which do not have core banking facilities, official sources said.
The Home Ministry wants that all NGOs registered under the Foreign Contribution Regulation Act mandatorily have their accounts in either nationalised banks or in a few private banks which have core banking facilities.
Under core banking system, all the branches of the networked banks are interconnected. This would allow the security agencies to access the accounts of the NGOs on real time basis.
PTI / 10 May 2017
Home Ministry (MHA) requested the Reserve Bank of India (RBI) to integrate FCRA accounts with Public Financial Management System (PFMS). This will enable the MHA to monitor the receipt and utilisation of foreign contribution credited in FCRA bank accounts.
You can make a call back request for FCRA advisory i.e. available to all NGOs / Banks for FREE by Ozg Law.
Ozg services includes –
=> Detailed assessment and advisory on status of compliance with provisions of FCRA 2010 and FCRR 2011.
=> Advisory on returns and information submitted to Ministry of Home Affairs (MHA) in terms of compliance with the Act and Rules.
=> Advisory on maintenance of proper and prescribed books of accounts in compliance with provisions of Act and Rules.
=> Guidance on steps to be initiated for advance preparation of application for renewal of FCRA registration.
=> Advisory on present constitution of governing body in terms of compliance with Act and Rules.
=> Advisory on the relationship of your NGO with its donor organizations within the frame of rules and acts of FCRA.
=> Advisory on designated FCRA bank account operations.
===> Email: email@example.com
===> Join @ facebook.com/FCRAregistration