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- Unspent CSR Account Services
Unspent CSR Account Services
The GOI has 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 the specifically designated account “Unspent Corporate Social Responsibility Accounts” within 30 days of financial year end.
Features & Benefits
Zero balance account with flexible services:
Maintain unspent CSR funds without minimum balance requirements, with services tailored to corporate needs.
Instant account opening:
Open your CSR account instantly with minimal documentation and quick processing.
Chequebook facilities:
Access chequebook issuance for convenient disbursement and tracking of CSR spends.
Dedicated team for management and support:
Get expert assistance from a dedicated relationship team for smooth account operations and compliance.
Internet banking/digital platforms to transact:
Manage and monitor your CSR funds anytime, anywhere with secure digital banking platforms.
This account comes with a host of unique features:
- Zero Monthly Average balance Requirement
- Extended benefits in cash deposits, withdrawal, chequebook, NEFT and RTGS
- Nil Monthly Service charge
- Classic , Supreme and Platinum options available for debit card. Click here
Unspent CSR amount by any Indian company having:
- Net worth of ₹500 crores or more, or
- Turnover of ₹1000 crores or more, or
- Net profit of ₹5 crores or more in the immediately preceding financial year
- All extant KYC guidelines applicable for opening current accounts
Fees & Charges
Nil charges for account opening and set-up.
Value Added Service
- Transaction enablement through internet banking services
- Escrow account for implementing agencies
Related Products
Current Account - Jewellers
- Monthly Average Balance
Monthly Average Balance requirement of ₹25,000/- - Monthly Cash Deposit Limit
Enjoy Monthly Cash Deposit limit @8 times MAB up to maximum of ₹2 crores - Cash Withdrawal
Unlimited with Unlimited for Home Branch, Rs. 50000 per day for Non Home Branch.
Current Account - Classic
- Monthly Average Balance
Monthly Average Balance requirement of Rs. 100000/- (Metro & urban branches) , Rs. 50000/- (Semi-urban & rural branches) - Monthly Cash Deposit Limit
Enjoy Monthly Cash Deposit limit @ 10 times MAB up to maximum of ₹1 Cr - Cash Withdrawal
Unlimited for Home Branch, Rs. 100000 per day for Non Home Branch.
Contact Us
Reach out to us at escrow_rera.products@axisbank.com
