Overview

The GOI notified amendments to the Corporate Social Responsibility Rules, 2014 and Section 135 of the companies act 2013. Any unspent amount from an ongoing CSR project shall be transferred to specifically designated account “Unspent Corporate Social responsibility accounts” within 30 days of the end of the financial year.

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Features &
Benefits

Features & Benefits

  • imgZero Balance account with flexible services
  • imgInstant account opening
  • imgCheque book facilities
  • imgDedicated team for management and support
  • imgInternet banking /Digital platforms to transact
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Fee &
Charges

Fee & Charges

Nil charges for account opening and set up

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Eligibility &
Documentation

Eligibility & Documentation

  • Eligiblity : Unspent CSR amount by Any Indian Company having:
    • Net worth of Rs. 500 Crore or more, or
    • Turnover of Rs. 1000 crore or more, or
    • Net Profit of Rs. 5 crore or more in the immediately preceding financial year
  • Documentation: All extant KYC guidelines applicable for opening current accounts
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Value Added
Service

Value Added Service

  • Transaction enablement through Internet banking services
  • Escrow account for implementing agencies
 

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Contact Us

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