Centre extends deadline for opening account in SBI for foreign funds by NGOs

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The deadline for opening designated bank accounts for international aid  for NGOs have been extended by the union home ministry to  30th June. The office bearers of NGOs have to visit SBI 11 sansad Marg branch in New Delhi to register the Aadhar details and open the accounts in Delhi after an amendment in September 2020 in the foreign contribution registration act. Many NGOs file petitions in Delhi and Gauhati high court asking for liberalization in opening of bank accounts in other locations rather than the only specified New Delhi. Existing FCRA holders have now to open the FCRA account in SBI New Delhi up to June 30,” read a ministry statement yesterday. In another order the ministry on the same day extended the validity of FCRA licences that expired from September 2020, till September 30th 2021.

Source- Hindustan Times

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