Q.1 What is PM CARES Fund?
Keeping in mind the need for having a dedicated national fund with the primary objective of dealing with any kind of emergency or distress situation, like posed by the COVID-19 pandemic, and to provide relief to the affected, a public charitable trust under the name of ‘Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund)’ has been set up.
Q.2 Who are the Trustees of the PM CARES Fund?
The Prime Minister is Chairperson (ex-officio) of the Fund and Minister of Defence, Minister of Home Affairs and Minister of Finance, Government of India are ex-officio Trustees of the Fund.
The Chairperson of the Board of Trustees (Prime Minister) of PM CARES Fund has the power to nominate three trustees to the Board who shall be eminent persons in the field of research, health, science, social work, law, public administration and philanthropy. However, no such appointment has been made so far.All the Trustees of the PM CARES Fund act in a pro bono capacity.
Q.3 What are the Objectives of the PM CARES Fund Trust?
The primary objectives of the Trust are:-
- To undertake and support relief or assistance of any kind relating to a public health emergency or any other kind of emergency, calamity or distress, either man-made or natural, including the creation or upgradation of healthcare or pharmaceutical facilities, other necessary infrastructure, funding relevant research or any other type of support.
- To render financial assistance, provide grants of payments of money or take such other steps as may be deemed necessary by the Board of Trustees to the affected population.
- To undertake any other activity, which is not inconsistent with the above Objects.
Q.4 What type of domestic donation are accepted in PM CARES Fund?
PM CARES Fund accepts voluntary contributions by individuals/organizations as well as contributions as part of CSR from Companies/Public Sector Undertakings (PSUs). However, contributions flowing out of budgetary sources of the PSUs are not accepted.
Q.5 What are the modes through which domestic donation can be made to PM CARES Fund?
Contributions can be made by following modes:-
- Net Banking (SBI and other commercial Banks)
- Card Payments – SBI ATM-cum-Debit Card, Other Bank Debit Cards, Credit Card, Prepaid Card, Foreign Card
- Other Payment mode: SBI Branch, NEFT/RTGS
Contributions can also be made online through theportal of PMO i.e. pmindia.gov.in as well as through the portals of the collection banks..
Further, cheque or demand draft drawn in favour of ‘PM CARES Fund’ can be sent to Under Secretary (Funds), PMO, South Block, New Delhi, Pin -110011 along with Name, Address, Mobile No. and E-mail ID of the donor.
Name and address of the Nodal Branches of existing collection Banks are as below:-
Collection Accounts of PM CARES Fund
|S.N.||Name of the Bank||Branch||Account Number / IFSC||Remarks|
|1.||State Bank of India||New Delhi Main Branch, No.11, Parliament Street, New Delhi-110001.||Savings Bank A/C No. 39238765008 IFSC Code: SBIN0000691||Donations deposited in any of these bank accounts are deposited in to PM CARES Fund at SBI, Parliament Street having Account No. ‘2121PM20202’.|
|2.||Central Bank of India||66, Janpath, New Delhi||Savings Bank A/C No. 3809123014 IFSC: CBIN0280318|
|3.||Indian Overseas Bank||Parliament Street, New Delhi||Savings Bank A/c No. 076201003042020 IFSC: IOBA0000762|
|4.||Axis Bank||New Delhi Main Branch||Savings Bank A/c No. 920010023235458 IFSC: UTIB0000007|
|5.||IDBI Bank||K.G. Marg, Connaught Place, New Delhi.||Savings Bank A/c No. 0011104000631945 IFSC: IBKL0000011|
|6.||HDFC Bank||Vasant Vihar Branch, D 1&2, D Block Shopping Complex, Vasant Vihar, New Delhi.||Savings Bank A/c No. 59194700000000 IFSC Code : HDFC0000011|
|7.||IDFC First Bank||Barakhamba Road, New Delhi||Savings Bank A/c No. 10053939205 IFSC Code : IDFB0020101|
|8.||ICICI Bank||Kasturba Gandhi Marg, New Delhi- 110001||Savings Bank A/C No.663701PMCARE IFSC: ICIC0006637|
|9.||Indian Bank||Connaught Place, New Delhi-110001||Savings Bank A/C No.6873294550 IFSC: IDIB000N022|
|10.||Canara Bank||South Block, New Delhi||Savings Bank A/C No. 90552010174360 IFSC: SYNB0009055|
|11.||Yes Bank Ltd.||11/48, Diplomatic Enclave, Malcha Marg, Chankyapuri, New Delhi||Savings Bank A/C No.000394600001910 IFSC: YESB0000003|
|12.||Kotak Mahindra Bank||A/24, Safdarjung Enclave, New Delhi-29||Savings Bank A/C No: 2020111111 IFSC: KKBK0000175|
|13.||IndusInd Bank Ltd.||S-6, Building No18 &19, Oriental House, Gulmohar Community Centre, Yusuf Sarai, New Delhi 110016||Savings Bank A/c No. 100116111482 IFSC: INDB0000168|
|14.||Bank of Maharashtra||Dholpur House, UPSC, New Delhi||Savings Bank A/c No. 60355358964 IFSC: MAHB0001160|
|15.||Standard Chartered||Narain Manzil, 23, Barakhamba Road, New Delhi 110 001||Savings Bank A/c No. 52212189944 IFS Code: SCBL0036020|
|16.||Federal Bank||Federal Bank - Connaught Circus, New Delhi||Savings Bank A/c No. 11050100237074 IFSC code: FDRL0001105|
|17.||Bandhan Bank||Preet Vihar Branch,80, Defence Enclave, Vikas Marg, New Delhi – 110092||Savings Bank A/c No. 50200013387466 IFS Code: BDBL0001638|
|18.||Jana Small Finance Bank||16/12, First Floor, Arya Samaj Road, Karol Bagh, New Delhi - 110005||Savings Bank A/c No. 4512012244668800 IFSC: JSFB0004512|
|19.||RBL Bank||Unit 14 & 15, DLF Capitol Point, Baba Kharak Singh Marg New Delhi-110001||Savings Bank A/c No. 309009760718 IFSC: RATN0000100|
|20.||Equitas small finance bank||G1& G2, Ansal Bhawan 16, Kasturba Gandhi Marg, Opp. British Council, New Delhi-110001||Savings Bank A/c No. 100000001111 IFSC: ESFB0020002|
Q.6 Are contributions towards the PM CARES Fund exempted from Income Tax?
Yes, all contributions towards the PM CARES Fund are 100% exempted from Income Tax under Section 80(G) of the Income Tax Act, 1961.
Q.7 Are contributions towards PM CARES Fund qualify as CSR expenditure?
Yes, any contribution made to the PM CARES Fund by any Company or a PSU shall qualify as Corporate Social Responsibility (CSR) expenditure as provided under the Companies Act, 2013.
Q.8 Does PM CARES Fund have a Permanent Account Number (PAN)?
Yes, PM CARES Fund has been allotted a Permanent Account Number (PAN) AAETP3993P.
Q.9 Who has the powers to formulate criterions for disbursal of funds held under PM CARES Fund?
The Trustees of the PM CARES Fund have powers to formulate rules/criterions for carrying out any of the Objectives of the Trust.
Q. 10 How will be the formal donation receipts issued to the donors?
The donors will be able to download formal donation receipts by visiting ‘Print Receipt’ Section of the PM CARES portal after successful transaction.
Q. 11 How do I know about the status of my payment online?
If your transaction is done through NEFT/RTGS/IMPS, the transaction would be updated based on the statement received from the concerned banks. The receipts can be generated only after this. This might take at least 30days.
If your transaction is by Cheque the transaction would be updated from the bank to PM CARES. However, the payee details would be updated only if the cheque for PM CARES is presented in the same bank. If the cheque is presented in another bank, the payee details would not be updated by the bank. In such cases, the receipt can be obtained only by updating your Name, email ID, Amount etc. with cheque number and amount in the receipt generator module. The module will match the cheque number and amount and issue the receipt. This might take at least 30days.
Q.12 Is there any transaction charge for online payment?
There is no transaction charge levied by PM CARES Fund for online payment. However some banks may levy the net-banking transaction charges, which may vary from bank to bank.
Q.13 Who is the authority to issue certificate for claiming deductions u/s 80(G) of the Income Tax Act, 1961 in respect of donations made by employees of an organisation to the PM CARES Fund?
In respect of such donations, benefit will be admissible u/s 80(G) of the Income Tax Act, 1961 on the basis of the certificate issued by Drawing and Disbursing Officer [DDO] / Employer in this behalf.
Q.14 Who audits the PM CARES Fund?
The PM CARES Fund will be audited by one or more qualified independent auditor(s) who will be appointed by the Trustees.
Q.15 Whether Foreign Donation is accepted in PM CARES Fund?
Yes. PM CARES Fund has received exemption from operation of all provisions of the Foreign Contribution (Regulation) Act, 2010. Foreign Donation is accepted from individuals and organizations based in Foreign countries through Foreign Credit / Debit Cards and also through Wire Transfer/SWIFT following the link on Home page of PM CARES Fund portal.