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of <h1>New FCRA Account Guidelines: Open at SBI's New Delhi Branch by March 31, 2021, for Foreign Contributions.</h1> The Ministry of Home Affairs issued guidelines for opening and operating 'FCRA Accounts' under the amended Section 17(1) of the Foreign Contribution (Regulation) Act, 2010. Effective from September 29, 2020, all entities with FCRA certification must open an 'FCRA Account' at the State Bank of India's New Delhi Main Branch to receive foreign contributions. Existing account holders have until March 31, 2021, to comply. New applicants must establish this account before receiving contributions. Transfers to other accounts are permitted without charges, and a Standard Operating Procedure will be available to facilitate the process.
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