News in English

Interest, income from grants must be credited back to FCRA account: MHA

The Ministry of Home Affairs has instructed NGOs that interest income from foreign contributions must be credited to FCRA utilisation accounts and not diverted elsewhere. This is in line with FCRA Act, 2010, which mandates non-speculative use and audited registers. Foreign funds must go through an 'FCRA account' at SBI, main branch, New Delhi.

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