Designated FCRA receipt account at SBI New Delhi Main Branch
Reviewed by Ravi Sisodia · Last reviewed 29 August 2026
Every FCRA-registered entity must maintain its designated foreign contribution receipt account at the specified branch of SBI, New Delhi, since the 2020 amendment.
Finin2min Summary — in 2 Minutes
Every FCRA-registered entity must maintain its designated foreign contribution receipt account at the specified branch of SBI, New Delhi, since the 2020 amendment.
Official source and legal ownership
What this covers
Since the Foreign Contribution (Regulation) Amendment Act, 2020, every person granted FCRA registration or prior permission must open and maintain their "FCRA Account" - the designated account into which all foreign contribution must be received - at the specified branch of the State Bank of India, New Delhi Main Branch.
How this works in practice
No foreign contribution may be received into any other account; the designated SBI New Delhi Main Branch account is the sole permitted receipt point, and funds may only move onward from it into one or more permitted "utilisation" accounts at a bank of the organisation's choice (see the related transfer topic) - it cannot itself be used for day-to-day operational payments.
Why it matters
Because this is a centralised, single-point-of-receipt requirement rather than a distributed one, an organisation that receives foreign funds directly into any account other than its designated SBI account - even briefly, even from a well-intentioned donor unaware of the requirement - is in breach regardless of where the funds are eventually routed.
Source and review trail
Use the current official instrument, portal or regulator publication before acting. This panel separates the category authority from page-specific references.
- Official starting point
- fcraonline.nic.in