Skip to content

Home Ministry amends FCRA rules for Indians overseas, who can now send upto 1 million dollars

The home ministry now gives organisations receiving foreign funding 45 days instead of 15 days to notify if there are changes to their bank account, name, address, goals, or key personnel.

Photo by Mufid Majnun / Unsplash

Indians are now permitted to receive up to INR10 lakh (US$1 million) annually instead of the previous limit of INR 1 lakh (US$100,000) from relatives who live overseas without alerting the authorities due to changes made by the Union Home Ministry to certain provisions relating to the Foreign Contribution (Regulation) Act (FCRA).

The Home Ministry also added in a statement that instead of 30 days, the people would now have 90 days to notify the government if the money they want to send surpasses that amount.

This post is for paying subscribers only

Subscribe

Already have an account? Log in

Latest