For quite some time, Indian banks have been asked by RBI to refer some international remittances to FCRA Wing. The RBI has now issued a general circular on this. Remittances from following donors are subject to prior-approval from Ministry of Home Affairs:
- Danish International Development Agency (DANIDA)
- Danish Institute of Human Rights (DIHR)
- Catholic Organization for [Relief] and Development Aid (CORDAID)
- Dan Church Aid (DCA)
- Mercy Corps, USA
- Inter Church Peace Council _ Pax Christi (IKV- PC) , Netherlands
- HIVOS, Netherlands
- ICCO Stretegische Samenwerking (ICCO), Netherlands
- Green Peace International
- Climate Work Foundation (CWF), US
If you are receiving funds from one of these donors, be prepared for long delays in credit of the funds to your accounts.
Ref: RBI/2014-15/408 DCBR.BPD (PCB/RCB) Cir.No.13/14.01.062/2014-15 dated January 15, 2015; Available at http://www.srr-foundation.org/circulars/RBI-Circular-16012015.pdf
Source: AccountAid