More Banks join the PFMS system
Readers may recollect our Blog post of
26th December 2017 wherein we had said that if your NGO/NPO receives or expects
to receive government grants or is registered under FCRA 2010 or has prior
permission to receive funds from a foreign source, please ensure that the bank
where you have your FCRA account or FCRA utilization account is integrated with
the Public Financial Management Systems (PFMS)! At that point in time just 32
Banks were PFMS compliant. The number has now shot up to 53 and will possibly
keep growing.
26th December 2017 wherein we had said that if your NGO/NPO receives or expects
to receive government grants or is registered under FCRA 2010 or has prior
permission to receive funds from a foreign source, please ensure that the bank
where you have your FCRA account or FCRA utilization account is integrated with
the Public Financial Management Systems (PFMS)! At that point in time just 32
Banks were PFMS compliant. The number has now shot up to 53 and will possibly
keep growing.
The list of these 53 Banks can be verified on the
following link on the Ministry of Home Affairs’ website: https://fcraonline.nic.in/fc_bank_list.aspx
following link on the Ministry of Home Affairs’ website: https://fcraonline.nic.in/fc_bank_list.aspx
List of banks integrated with PFMS
|
Sr.
No. |
Bank
Name |
|
1
|
ABU DHABI COMMERCIAL BANK
|
|
2
|
ALLAHABAD BANK
|
|
3
|
ALLAHABAD UP GRAMIN BANK
|
|
4
|
ANDHRA BANK
|
|
5
|
ANDHRA PRAGATHI GRAMEENA BANK
|
|
6
|
AXIS BANK
|
|
7
|
BANK OF BARODA
|
|
8
|
BANK OF INDIA
|
|
9
|
BANK OF MAHARASHTRA
|
|
10
|
BASSEIN CATHOLIC CO-OP.BANK LTD.
|
|
11
|
BOMBAY MERCANTILE CO-OP.BANK LTD.
|
|
12
|
CANARA BANK
|
|
13
|
CATHOLIC SYRIAN BANK LTD.
|
|
14
|
CENTRAL BANK OF INDIA
|
|
15
|
CITIBANK
|
|
16
|
CITY UNION BANK LTD
|
|
17
|
CORPORATION BANK
|
|
18
|
DCB BANK LIMITED
|
|
19
|
DENA BANK
|
|
20
|
DEUTSCHE BANK
|
|
21
|
DHANLAXMI BANK LTD
|
|
22
|
HDFC BANK LTD
|
|
23
|
HSBC
|
|
24
|
ICICI BANK LTD
|
|
25
|
IDBI BANK LTD
|
|
26
|
INDIAN BANK
|
|
27
|
INDIAN OVERSEAS BANK
|
|
28
|
INDUSIND BANK LIMITED
|
|
29
|
KARNATAKA BANK
|
|
30
|
KARUR VYSYA BANK
|
|
31
|
KOTAK MAHINDRA BANK
|
|
32
|
MADHYA BIHAR GRAMIN BANK
|
|
33
|
MANIPUR STATE CO-OP.BANK LTD.
|
|
34
|
NEW INDIA CO-OPERATIVE BANK LTD
|
|
35
|
ORIENTAL BANK OF COMMERCE
|
|
36
|
PUNJAB AND SIND BANK
|
|
37
|
PUNJAB NATIONAL BANK
|
|
38
|
SOUTH INDIAN BANK
|
|
39
|
STANDARD CHARTERED BANK
|
|
40
|
STATE BANK OF INDIA
|
|
41
|
SYNDICATE BANK
|
|
42
|
TAMILNAD MERCANTILE BANK LTD
|
|
43
|
THE COSMOS CO-OPERATIVE BANK LTD.
|
|
44
|
THE FEDERAL BANK LTD
|
|
45
|
THE JAMMU AND KASHMIR BANK LTD
|
|
46
|
THE RATNAKAR BANK LTD
|
|
47
|
THE SARASWAT CO-OPERATIVE BANK LTD
|
|
48
|
THE SHAMRAO VITHAL CO-OPERATIVE
BANK LIMITED |
|
49
|
UCO BANK
|
|
50
|
UNION BANK OF INDIA
|
|
51
|
UNITED BANK OF INDIA
|
|
52
|
VIJAYA BANK
|
|
53
|
YES BANK LTD
|