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FCRA Account

This bank account allows Non-Governmental Organisations (NGOs) and associations in India to receive foreign contributions.

Features & Benefits

Unlimited free banking transactions

  • Zero balance no charge account
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Unlimited free banking transactions*

  • RTGS/ NEFT transactions at branches and online
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Other services

  • Choice of Platinum, Gold, Silver and Standard Savings account for trusts
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Collection and payment services

  • Avail EasyPay solution, EDC machines and payment gateway for collections
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Other Services

  • Utilisation accounts of FCRA donations
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Minimum Relationship criteria

  • Initial funding not required to open account
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*Conditions apply. All loans and credit facilities sanctioned at the discretion of Axis Bank Ltd.

Account opening process

Account opening process

Here are the simple steps to opening an FCRA Account.

  • 01

    "Trust documentation as per bank policy''

  • 02

    Letter issued by the Bank for FCRA application to MHA

  • 03

    No debit / credit allowed in the account till MHA approval granted

  • 04

    Trust to submit copy of MHA approval along with request to get the FCRA operational

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Eligibility for FCRA Account

Entities eligible for maintaining trust/NGO/ institutional savings account-

  • Primary co-operative credit society (which is being financed by the bank)
  • Khadi and village industries boards
  • Agriculture produce market committees
  • Societies registered under the Societies Registration Act, 1860 or any other corresponding law in force in state or a union territory (except societies registered under the state co-operative Societies Acts and specific state enactment creating land mortgage banks)
  • Section 25 companies (as per Companies Act, 1956) or Section 8 companies (as per Companies Act,2013)
  • Institutions/entities whose entire income is exempt from payment of income-tax under Income-Tax Act, 1961
  • Government departments/bodies/agencies in respect of grants/ subsidies released for implementation of various programmes/ schemes sponsored by central/state government (subject to production of an authorisation from the respective government departments to open savings bank account)
  • Development of Women and Children in Rural Areas (DWCRA)
  • Self-help Groups (SHGs), registered or unregistered, which are engaged in promoting savings habits among their members
  • Farmers' Clubs - Vikas Volunteer Vahini – VVV

Minimum Relationship criteria

  • Initial funding not required to open account
  • Required Average Monthly Balance (AMB) is ₹500,000/- OR Total Relationship value in Savings and Term deposits is ₹25 Lakhs only.

Documentation for FCRA Account

General Documentation for opening Savings Account of Trust/NGO

  • Registration certificate of trust / society / association/ club
  • Trust deed / bye-laws / Constitutional document (If unregistered, notarized copy to be obtained)
  • Copy of PAN card
  • Income tax registration u/s 12A for entities as specified in RBI circular
  • Certified copy of resolution for opening and operating of the account
  • Duly authenticated list of current trustees / office bearers on the letter head of the entity
  • Address proof of the entity
  • Beneficial ownership declaration
  • KYC documents of the authorized signatories

Fees & Charges

View the applicable fees and charges for "FCRA Account or FCRA utilization account"

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FCRA Savings Account

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Related Products

Silver Trust Savings Account

Silver Trust Savings Account

Convenience of services


  • Variety of facilities
    Vast branch & ATM network, Corporate Internet banking, collection and payments
  • Free unlimited banking transactions
    Free transactions for NEFT, RTGS, Cash, DD & PO issuance, free chequebooks

Gold Trust Savings Account

Gold Trust Savings Account
  • Preferential Pricing and Privileges
    Discounted facilities available on various products such as lockers, loans, collection & payment services, Priority banking account for individual trustees
  • Free unlimited banking transactions
    Free transactions for NEFT, RTGS, Cash, DD & PO issuance, free chequebooks and ATM transactions

Platinum Trust Savings Account

Platinum Trust Savings Account
  • Best-in class pricing for various products and premium memberships
    Discounts on various products such as lockers, loans, collection and, payment services, Burgundy Premium account for individual trustees
  • Free unlimited banking transactions
    Free transactions at branches for NEFT, RTGS, Cash, DD and, PO issuance, free chequebooks and ATM transactions
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