FCRA Department vide its circular dated 21/12/2017 has made it mandated all individuals / organizations who receive contribution under the FCRA, 2010 to migrating their designated FCRA Bank Account with the PFMS (Public Financial Management System) compliant bank, as per list given below, by 21st January 2018. (click for circular)
List of PFMS compliant bank given below:
1. Abu Dhabi Commercial Bank
2. Allahabad Bank,
3. Allahabad UP Gramin Bank
4. Andhra Bank
5. Axis Bank
6. Bank of Baroda
7. Bank of Maharashtra
8. Bombay Mercantile Co-operative Bank Ltd.
9. Canara Bank
10. Catholic Syrian Bank Ltd.
11. Central Bank of India
12. City Union Bank
13. Corporation Bank
14. Cosmos Co-Operative Bank
15. DCB Bank Ltd.
16. Dena Bank
17. HDFC Bank
18. ICICI Bank
19. IDBI Bank
20. IndusInd bank linited
21. Jammu and Kashmir Bank Ltd.
22. Karur Vysya bank
23. Manipur state Co-op Bank
24. Oriental Bank of commerce
25. Punjab National Bank
26. South Indian Bank
27. State Bank of india
28. Syndicate Bank
29. Tamilnad Mercantile Bank Ltd.
30. UCO Bank
31. Vijaya Bank
32. Yes Bank
All FCRA-holders / prior-permission holders must now keep their FCRA bank accounts with one of these. They have been given time till 21st Jan 2018 to migrate their designated FCRA Bank Account with any of the above. They should thereafter file form FC-6 with details of the new bank account.
__________________________________
Socio Research & Reform Foundation (NGO)
512 A, Deepshikha, 8 Rajendra Place,
New Delhi – 110008
New list of PFMS compliant bank published on FCRA website:
S.No Bank name
1 ABU DHABI COMMERCIAL BANK
2 ALLAHABAD BANK
3 ALLAHABAD UP GRAMIN BANK
4 ANDHRA BANK
5 AXIS BANK
6 BANK OF BARODA
7 BANK OF INDIA
8 BANK OF MAHARASHTRA
9 BASSEIN CATHOLIC CO-OP.BANK LTD.
10 BOMBAY MERCANTILE CO-OP.BANK LTD.
11 CANARA BANK
12 CATHOLIC SYRIAN BANK LTD.
13 CENTRAL BANK OF INDIA
14 CITIBANK
15 CITY UNION BANK LTD
16 CORPORATION BANK
17 DCB BANK LIMITED
18 DENA BANK
19 DEUTSCHE BANK
20 DHANLAXMI BANK LTD
21 HDFC BANK LTD
22 ICICI BANK LTD
23 IDBI BANK LTD
24 INDIAN BANK
25 INDIAN OVERSEAS BANK
26 INDUSIND BANK LIMITED
27 KARUR VYSYA BANK
28 KOTAK MAHINDRA BANK
29 MANIPUR STATE CO-OP.BANK LTD.
30 ORIENTAL BANK OF COMMERCE
31 PUNJAB NATIONAL BANK
32 SOUTH INDIAN BANK
33 STANDARD CHARTERED BANK
34 STATE BANK OF INDIA
35 SYNDICATE BANK
36 TAMILNAD MERCANTILE BANK LTD
37 THE COSMOS CO-OPERATIVE BANK LTD.
38 THE FEDERAL BANK LTD
39 THE JAMMU AND KASHMIR BANK LTD
40 THE RATNAKAR BANK LTD
41 THE SARASWAT CO-OPERATIVE BANK LTD
42 UCO BANK
43 UNION BANK OF INDIA
44 UNITED BANK OF INDIA
45 VIJAYA BANK
46 YES BANK LTD
PFA the IOB PFMS compliant letter:
IOB Letter
Hi
We are also in the same position. We filed application for change in key members on 11 Oct 17 itself. Till today , the status in “In process” We are not able to file FC6 for change in Bank account and the new Bank is not activating our account unless we submit proof of filing FC 6 for change in Bank account. With the result, we do not have an active FCRA Bank account for nearly a month now.
Calls to FCRA support is not of any help. Nor is our fgrievance registered in MHA website or Public Grievances Portal of Union Government.
Please let us know if your problem is solved.
Our bank is Baroda Rajasthan Khasetriya Gramin bank, is affiliated bank of BOB, Is it need to change or it may consider as PMFS Compliance bank. Second while we are loading changed bank account details there is provision of upload document that is 1. self certified copy of amendment approval by local/relevant authority to be enclosed. what it is?, who is local authority? Is it gram Panchayat/municipal corporation?, why they approve our bank amendment?
Dear sir,
Our bank is in the process of getting PFMS compliance but till date they have not received the official order. I would like to get response:
1. Will there be any extension of January 21, dead line?
2. What are the consequences of not meeting the deadline of opening an FCRA account with a bank whose name is listed?
Regards,
Shekar
Bangalore
Dear Sir,
We have already filled FC6 for change in Key Members of the Association on 14/12/2017.
On 21/12/17 we received the notice to change the bank account to PFMS Bank list.
Now we have changed our FCRA bank account ,but unable to file FC6 for change in designated bank account.
Kindly help on the same.
Dear All
Please visit the following link to check status of PFMS compliance of your bank”
https://pfms.nic.in/Static/BankBranchList.aspx
please confirmed about Indian bank with pfms
Our FCRA account is with Indian Overseas bank. Till the bank is not enlisted with PFMS. We have utilized all fcra money in the account, can we change this account as local and can change an exist SB account in Canara bank to FCRA account with concurrence of bank .
From various inputs rec’d so far, it appears following banks have been added to the list
of PFMS compliant banks.
Kotak Mahindra
Standard Chartered Bank
Union Bank &
Indian Overseas Bank.
Let us hope more will be added soon…..
BANK OF INDIA ALSO
Bank of india has also received letter from FCRA department dated 8/1/18 so if your NGO has FCRA account with Bank of India, no need to change that.
Federal Bank has also been added. Thanks Tom (Pradan) for bringing it up to us.
Attachment
On the 8th both the Indian Bank and Indian Overseas Bank have been added the list of Banks which have complied with the PFMS. Please get a copy of the circular from your bank for your files.
Our bank union bank of india has now been included. Bank has received communication from ministry of home affairs that they can operate FCRA accounts and NGOs need not migrate from UBI. Check with your bankers. See attachment.
Click for reference letter
BHOOMA
Dear Sir,
Thank you so much !!!
Dear Friends,
Please do not rush into opening new bank accounts without clarifying with the existing banks on the PFMS compliance. I have been reading the queries of some of you and have the following to say:
1. Contact you bank and get the clarification on the PFMS compliance
2. The existing list is not exhaustive. New names will definitely be added to the list. Kotak is not there on the list but it is PFMS compliant. There are many such banks
3. In case your bank is not compliant, the respective NGOs will have to open new bank account and inform the FCRA in form FC-6. The old account should be closed so that no FC funds gets credited to the account, even if by mistake.
Thanks and regards,
B V Soma Sastry
Our FCRA Bank account was in SBBJ which was merged with State Bank of India last year in October 2017.
Should we intimate FCRA
No need, your bank is now SBI (SBBJ does not exist anymore).
IOB has been included in the list of PFMS compliant banks. We have a copy of the acceptance from MHA to IOB.
There was a mail from VANI wherein the trail mail says that Kotak Bank, Standard Chartered Bank and The Federal Bank are included, no intimation from MHA so far on their site. We have a scanned copy of MHA letter to IOB.
Bank of India having a major presence in Jharkhand rural areas should be included and anyway of knowing whether they have managed to get into the list of complaint banks??
Will you please publsh that letter regarding ifms compliance of IOB
I have a query I have an FC account in Union bank of India, but it is not in list. Whereas this bank already integrated their system with the PFMS. Please reply to me as early as possible, because there is no time. If it is mandatory then we have to change our account before 21.1.18.
Is there any possibility that this bank will be in list
Well circular is very clear that it is mandatory, though efforts are underway to extend the deadline date. In the meantime you should be asking your Banker Union Bank to get a letter from FCRA Dep to confirm that Union Bank has been included in the compliant bankers list.
Dear Ma’am ,
Greetings for the day !!
I am Ravi dutt Sharma from DCB Bank Connaught place branch.
Plz gives us your contact numer & trust address so that we can meet with you & can open your trust account formalities.
Will there be any more addition to the list of banks ?
Different banks are making efforts to include their banks into PFMS compliant bank lists, but uncertainty remains on the banks which have been included. Kotak Bank & Std Chartered Bank have claimed to their customers that they are included in this list, but FCRA Dept website still does not include their names as yet.
No option except lobby with your Bankers and keep yourself ready for last minute rush, if the FCRA Dept does not add bankers or does not extend date.
Season’s Greetings and Happy New Year!
Prompt and timely advice.
Thanks
Udayashankar
we have already a FCRA account in Indian Overseas Bank of our NGO, but after the circular on dated 21 Dec 2017 is it mandatory to open new fresh account for fcra donation purpose ? what about old our fcra account ?
Indian Overseas Bank added with PFMS
Can you please publish Govt. Letter showing that IOB is IFMS
Compliant
I am surprised to see that Kotak Mahindra Bank is not there in the list.
You are right Mittal sahib. When we filled FC-6, the information remained as draft and after a week we received an email from the MHA that our application for change in bank account has been approved. This is contrary to the current Rule that states, intimation is enough. bankers could refuse to accept a draft form which does not clearly specify “Approved” or accepted.
Problem is also when someone updates Trustees, our experience for months and at times even more than a year information by Dept is not updated about Trustees. But in such cases, please ensure keep evidence of filing of your FC6 handy.
Not 100% sure, but grapevine has that Dept may not approve changes in trustees, before a formal inspection by IB to trustees premises.
I would like to clarify that the notice issued by FC Dept states S.17 of the FCRA Act. It may be noted that S. 17 covers both Designated as well as Utilisation Account (proviso to S.17). Hence one needs to move both designated as well as utilisation accounts to banks listed in the circular dt 21 Dec 2017. Once new bank accounts are opened, intimation has to be given to FCRA Dept.
Although Dept claims based on Rules that this will be intimation, however our experience is that even after filing FC6 for this intimation, data so filed is not updated on FCRA website for long periods. Let us hope this time it will be different, otherwise working of foreign funded projects, which is already suffering will receive further setback.
Thanks for the further clarity, Sir.
Thank you very much.
Raju Kurian
Mar Gregorios Charitable Society
Ernakulam
Thank you very much