Rule 16 — Reporting by banks

Reviewed by CA Nikhil Gupta · Last reviewed 18 September 2026

Imposes reporting obligations on banks in relation to foreign-contribution transactions and statutory information sought by the Central Government.

Working notes

What to check: Ensure FCRA-account transaction data is identifiable.
Before you close the file: Respond to statutory reporting/information requirements through controlled processes.

Related on Finin2min

Foreign Contribution (Regulation) Act, 2010 — hub homeForeign Contribution (Regulation) Rules, 2011 — instrument guideFCRA statutory forms and portal workflow registerNGO compliance hubIndian Trusts Act, 1882 hubSocieties Registration Act, 1860 hub

Primary official sources

← Rule 15 — Custody of foreign contribution after cancellation Rule 17A — Change of designated bank account, name, address, aims, obj →

Finin2min summary — explanatory text. The official Act, Rules, Regulations and notifications control if there is any difference. Educational and research resource, not legal, regulatory, tax or investment advice; verify the instrument in force on the relevant date.