FCRA Registration Cancellationa nd SBI ac opening

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35 Points Posted on 15 June 2021
Dear all,
If an organisation wants to cancel its fcra registration is it compuslory for it to open a New Bank ac in SBI (as stated in Rules) and again close it after cancellation?
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On 15 June 2021 at 13:21 Report
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Quick Summary
This discussion clarifies the process for cancelling FCRA registration. It addresses the question of whether opening a new SBI bank account is a mandatory step before cancellation, as suggested by some rules. The consensus is that it is not compulsory to open a new SBI account solely for the purpose of FCRA cancellation.

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Chartered Accountant
24588 Points Posted on 15 June 2021
No it is not mandatory
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On 15 June 2021 at 14:32
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35 Points Posted on 15 June 2021
So Can I apply for cancellation without opening an ac in SBI
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On 15 June 2021 at 14:33

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