{"id":92765,"date":"2021-08-11T13:26:12","date_gmt":"2021-08-11T07:56:12","guid":{"rendered":"https:\/\/newsmakhani.com\/?p=92765"},"modified":"2021-08-12T13:30:50","modified_gmt":"2021-08-12T08:00:50","slug":"opening-of-sbi-accounts-by-ngos","status":"publish","type":"post","link":"https:\/\/newsnarad.com\/pa\/opening-of-sbi-accounts-by-ngos\/","title":{"rendered":"Opening of SBI Accounts by NGOS"},"content":{"rendered":"

\u0a2e\u0a3e\u0a2b\u0a3c \u0a15\u0a30\u0a28\u0a3e, \u0a07\u0a39 \u0a16\u0a2c\u0a30 \u0a24\u0a41\u0a39\u0a3e\u0a21\u0a40 \u0a2c\u0a47\u0a28\u0a24\u0a40 \u0a2d\u0a3e\u0a38\u0a3c\u0a3e \u0a35\u0a3f\u0a71\u0a1a \u0a09\u0a2a\u0a32\u0a2c\u0a27 \u0a28\u0a39\u0a40\u0a02 \u0a39\u0a48\u0964 \u0a15\u0a3f\u0a30\u0a2a\u0a3e \u0a15\u0a30\u0a15\u0a47 \u0a07\u0a71\u0a25\u0a47 \u0a26\u0a47\u0a16\u0a4b\u0964<\/a><\/p>

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DELHI : 11 AUG 2021<\/strong><\/h2>\n

Prior to enactment of The Foreign Contribution (Regulation) Amendment Act 2020, exclusive FCRA bank accounts could be opened in any branch of scheduled banks.\u00a0\u00a0 The Foreign Contribution (Regulation) Amendment Act 2020, mandates that each FCRA NGO has to now compulsorily open \u2018FCRA account\u2019 in SBI, Main Branch, New Delhi for initial remittance\/receipt of foreign contribution (FC) from a foreign source. The State Bank of India has informed that as on 31.07.2021, total of 18377 designated FCRA accounts have been opened with SBI, New Delhi Main Branch.<\/p>\n<\/div>\n

The details of Foreign Contribution (FC) received during last three years as reported in Annual Returns filed by NGOs is given below: –<\/p>\n

(Rs. in crores)<\/strong><\/p>\n\n\n\n\n\n\n
Financial Year<\/strong><\/td>\nForeign Contribution (FC) received by NGOs (excluding interest earnings and net income generated by FC)<\/strong><\/td>\n<\/tr>\n
2017-18<\/td>\n16940.58<\/td>\n<\/tr>\n
2018-19<\/td>\n16525.73<\/td>\n<\/tr>\n
2019-20<\/td>\n15853.94<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

In view of Covid-19 led constraints as well as to ensure smooth transition to the amended FCRA regime, the FCRA NGOs were allowed to receive FC in their old FCRA accounts until 30 June 2021. Receipt of FC in SBI, New Delhi Main Branch has been made mandatory only from 1st<\/sup>\u00a0July 2021 onwards.<\/p>\n

This was stated by the Minister of State for Home Affairs, Shri Nityanand Rai in a written reply to question in the Rajya Sabha today.<\/p>\n

*****<\/p>","protected":false},"excerpt":{"rendered":"

\u0a2e\u0a3e\u0a2b\u0a3c \u0a15\u0a30\u0a28\u0a3e, \u0a07\u0a39 \u0a16\u0a2c\u0a30 \u0a24\u0a41\u0a39\u0a3e\u0a21\u0a40 \u0a2c\u0a47\u0a28\u0a24\u0a40 \u0a2d\u0a3e\u0a38\u0a3c\u0a3e \u0a35\u0a3f\u0a71\u0a1a \u0a09\u0a2a\u0a32\u0a2c\u0a27 \u0a28\u0a39\u0a40\u0a02 \u0a39\u0a48\u0964 \u0a15\u0a3f\u0a30\u0a2a\u0a3e \u0a15\u0a30\u0a15\u0a47 \u0a07\u0a71\u0a25\u0a47 \u0a26\u0a47\u0a16\u0a4b\u0964 DELHI : 11 AUG 2021 Prior to enactment of The Foreign Contribution (Regulation) Amendment Act 2020, exclusive FCRA bank accounts could be opened in any branch of scheduled banks.\u00a0\u00a0 The Foreign Contribution (Regulation) Amendment Act 2020, mandates that each FCRA […]<\/p>\n","protected":false},"author":12,"featured_media":92768,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[109,122],"tags":[50110],"class_list":["post-92765","post","type-post","status-publish","format-standard","has-post-thumbnail","category-national","category-news","tag-sbi-accounts-by-ngos"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t