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Standard Operating Procedure (SOP) to open and operate the “FCRA
Account” as provided under Section 17(1) of the amended Foreign
Contribution (Regulation) Act, 2010 with SBI, New Delhi Main Branch in
terms of FCRA (Amendment), 2020
1. The amended Foreign Contribution (Regulation) Act, 2010 mandates that
every person/NGO/ Association (hereinafter referred to as an “entity”) that
have been granted FCRA certificate of registration or prior permission u/s 12
of the Act shall open an “FCRA Account” at specified branch of State Bank of
India in New Delhi. The Central Government vide notification dated
07.10.2020 has notified New Delhi Main Branch (henceforth NDMB) of SBI,
11, Sansad Marg, New Delhi-110001 as specified branch.
2. Presently, there are approximately 23,000 entities which have got a
Certificate of Registration or prior permission to receive foreign contribution.
They now have to open a “FCRA Account” for inward remittance of any
foreign contribution at the aforementioned specified branch (i.e. NDMB) on or
before 31.03.2021. From the date of opening of “FCRA Account” in NDMB or
from 31.03.2021, whichever is earlier, no inward remittance will be allowed in
any account other than that opened in NDMB.
3. The following steps and procedure will be followed so as to ensure hassle-
free opening and operation of “FCRA Account” by entities making requests for
fresh FCRA registration/prior permission as well as existing FCRA
registration/prior permission holders having FCRA accounts in any Branch or
Bank other than NDMB Branch of SBI.
A. SOP FOR ACCOUNT OPENING
i. Any entity which seeks to receive foreign contribution may approach
either the nearest SBI Branch or any other SBI Branch of their choice for
submitting the completed Account Opening Form (AOF) for
KYC/photo/signature verification, scanning and forwarding through mail as
well as sending hard copy of their AOF for opening of “FCRA Account” at
NDMB.
ii. The applicant shall collect the Account Opening Form (AOF) physically
or download the same from the website of SBI and submit the duly filled