May 19, 2021 Circulars & Notifications Attachment
The FCRA Amendment Act ,2020 and the subsequent SOPs issued by the FCRA had mandated all the organization registered under FCRA, to open the FCRA Designated Account in New Delhi Main Branch (NDMB), SBI, by 31st March, 2021 or earlier.
In view of the exigencies arising out of COVID-19 situation, the FCRA department vide its Public Notice dated 18th May, 2021 has extended the due date for opening the said Account in the NDMB Branch to 30th June, 2021. Therefore, all the organization that have not opened their FCRA Account in the NDMB branch can open such account till 30th June, 2021 thereby providing relaxation to such organizations.
Further, the notice also states that the organizations can receive FC funds in their old designated bank account till the date of opening such account (in NDMB Branch) or 30th June, whichever is earlier. In other words, the organizations would not be allowed to receive FC funds in their old designated Bank account from the date of opening such account or 1st July, whichever is earlier.