ICICI Bank gets approval to collect donations for PM Cares Fund

ICICI Bank7th April 2020: The country’s second-largest private lender ICICI Bank on Monday said it has also been authorized to collect donations for the PM-Citizen Assistance and Relief in Emergency Situations (PM CARES) Fund, set up to tackle with COVID-19 pandemic.

People are permitted to donate to the ‘PM CARES Fund’ account with ICICI Bank through the bank’s various digital channels, including internet banking and RTGS/NEFT, an official statement.

Donations to this kind of fundraiser are liberated under Sec 80(G) and the receipts can be downloaded by the donors from the “PM CARES” portal after 15-20 days of the donation, it said.

Anup Bagchi, Executive Director, said the bank is happy to receive the mandate and urged “citizens to donate generously to the fund and help the government provide relief to those who are impacted by the COVID-19 pandemic”.

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