For effective monitoring, all foreign contributions received from any 'foreign source' must be necessarily received only in a bank account and must be routed and spent only through bank accounts. Opening a bank account a

An association granted prior permission or registration under the FCRA, 2010 should initially receive the foreign contribution only in the FCRA account at SBI, Main Branch located at Sansad Marg, New Delhi. This account number would be the same as has been intimated by the organisation in their application for prior permission/registration or intimated through FC-6C. Deposit of any local fund/domestic contribution in this bank account is not allowed. One or more accounts in any PFMS enabled scheduled bank may be opened for utilizing the foreign contribution. For more clarity, Section 17 of the FCRA, 2010 is reproduced as below: '17. (1) Every person who has been granted certificate or prior permission under section 12 shall receive foreign contribution only in an account designated as "FCRA Account" by the bank, which shall be opened by him for the purpose of remittances offoreign contribution in such branch of the State Bank of India at New Delhi, as the Central Government may, by notification, specify in this behalf: Provided that such person may also open another "FCRA Account" in any of the scheduled bank of his choice for the purpose of keeping or utilising the foreign contribution which has been received from his "FCRA Account" in the specified branch of State Bank of India at New Delhi: Provided further that such person may also open one or more accounts in one or more scheduled banks of his choice to which he may transfer for utilising any foreign contribution received by him in his "FCRA Account" in the specified branch of the State Bank of India at New Delhi or kept by him in another "FCRA Account" in a scheduled bank of his choice: Provided also that no funds other than foreign contribution shall be received or deposited in any such account. (2) The specified branch of the State Bank of India at New Delhi or the branch of the scheduled bank where the person referred to in sub-section (1) has opened his foreign contribution account or the authorised person in foreign exchange, shall report to such authority as may be specified, (a) the prescribed amount of foreign remittance; (b) the source and manner in which the foreign remittance was received; and (c) other particulars, in such form and manner as may be prescribed. Good practice Guidelines to the Non-Profit Organisations (NPOs) to ensure compliance with the following Financial Action Task Force (FATF) requirements: Wherever necessary, NPO shall inform the Ministry of Home Affairs (FCRA Wing) about the suspicious activities of the customer, without waiting for annual returns. The Board of Directors / Chief Functionary of NPO shall issue directions regarding duties of official who shall be required to enforce these guidelines and other rules of FCRA, 2010 read with FCRR, 2011 as amended from time to time. The NPO shall put its goals, objectives and activities on its website. The NPO shall upload the details of key persons associated with NPOs activities on its website. The NPO shall take due diligence of its employees at the time of recruitment. The NPO shall maintain the information of beneficiaries of funds and upload on its website and monitor the activities of the beneficiaries. Wherever a beneficiary is a legal person, the details of beneficial owner shall also be uploaded. The NPO shall ensure that the financial transactions involving more than ₹ 20,000/- to be routed through Banking channels only. The Board of Directors/Trustees of NPO's must ensure utilization of funds consistent with objectives as approved by MHA. The Board of Directors/Trustee of NPO's shall conduct meeting once at least in six months to review the working of these instructions and shall record the minutes of these meetings. The NPO shall train its staff on the FCRA and about the application of these guidelines. When any transaction is under investigation by any authority, the MHA shall be informed by such NPO.