Relatives abroad can now send you up to Rs 10 lakh per year

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MHA changes FCRA rules: You cannot receive up to Rs 10 lakh from overseas relatives

Photo: ANI

Indian citizens can now receive up to Rs 10 lakh per year from relatives abroad without making any disclosure to the government. The Union Home Ministry has amended some provisions of the Foreign Contributions (Regulation) Act (FCRA), increasing the said limit to Rs 10 lakh from Rs 1 lakh earlier.
Under the amended rules, recipients will be required to make an official disclosure to the government within 90 days of receiving the funds in case they exceed Rs 10 lakh in one year. The amended Foreign Contribution (Regulation) Amendment Rules, 2022 were notified by the Ministry of Home Affairs (MHA) through a Gazette Notice on Friday evening, according to PTI.

“In the Foreign Contribution Rules (Regulation) 2011, in Rule 6, the words one lakh rupees are replaced by the words ten lakh rupees; and for the words thirty days, the words three months will be replaced,” the MHA notification said. Rule 6 concerns funds received from relatives living abroad.

Previously, recipients were required to notify authorities of received funds exceeding Rs 10 lakh within 30 days of transfer.

Changes were also made to FCRA Rule 9 which deals with requesting “registration” or “prior authorization to receive funds”; giving individuals, organizations and NGOs 45 days to notify the MHA of the bank account to receive these funds instead of 30 days previously.

The government changed another provision which required the recipient to report details such as foreign funds received, donor details and date of receipt quarterly on the MHA website. Now, FCRA recipients will have 9 months from the end of the financial year to provide details of these funds on the MHA website or any other website specified by the government.

Another provision that required NGOs to provide details of foreign funds on a quarterly basis has been removed. In the event of a change of bank account, name, address or foreign funds, the Ministry of the Interior has now granted 45 days to inform it, instead of 15 days previously.

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