Banks must verify FCRA registration/permission before crediting foreign contributions through the designated branch and report semi annually. Banks must verify that recipient associations are registered with the Ministry of Home Affairs or hold prior Central Government permission before crediting any foreign contribution; accept such contributions only through the designated bank branch; treat rupee funds from foreign sources, transfers by intermediary recipients, interest on foreign funds, and NRE/FCNR remittances from foreign citizens of Indian origin as foreign contribution; and submit prescribed half yearly statements to the Central Government while maintaining branch vigilance and accountability for compliance.