Ministry of Home Affairs issues FCRA Charter for Bank for smooth transitioning to new FCRA regime

  • Corporate Law
  • circular
  • financeseva

Ministry of Home Affairs has issued FCRA Charter for Banks wherein, the Ministry has advised banks to go through all the provisions of the amended FCRA 2010 as well as amended FCRR, 2011.  

Various public notices to facilitate smooth transition to the new FCRA regime have also been posted on the website along with an SOP for opening of the “FCRA account” in the SBI Main Branch, Sansad Marg, New Delhi.