SBI Parliament Street Account can be opened by 31st Mar 2021
(based on FCRA Public Notice dt 13-10-2020)
Realising the practical problems for thousands of NGOs to open bank account, overnight in Parliament Street Branch, Govt has now given extension to open this account before 31st March 2021.
Once again the notice reiterates, that NGO need not visit Parliament Street Branch, and can request any other Branch of SBI to facilitate. Though it may take some time for SBI branches to facilitate, but ultimately they should do it.
If in any doubt, please contact SBI Parliament Street Branch email id: agmcommercial00691@sbi.co.in .
So now anyone expecting transfer of FC funds from outside India, you may do so till the date of opening of account or 31st March 2021, whichever is earlier.
All new applicants must open bank account directly in SBI, Parliament Street with immediate effect.
Please note that FUNDS TRANSFER TO NGOS is not covered by above notice, no Indian NGO can transfer funds to another NGO, after effective date of Amendment Act, i.e. 29th Sept 2021.
Socio Research & Reform Foundation (NGO)
512 A, Deepshikha, 8 Rajendra Place,
New Delhi – 110008