Can individuals raise and receive foreign funds?
Individuals can set up a fundraiser and raise foreign funds on Fundmitr. however, these foreign funds can be withdrawn only to an organization’s FCRA account or a service provider’s account…
What is FCRA? Why is this applicable to fundraisers on Fundmitr?
FCRA stands for Foreign Contribution (Regulation) Act, 2010. The scope of this Act is to regulate the acceptance and utilization of foreign contributions by certain individuals or associations or companies and also…
Foreign funds transfer policy
We have revised our policies for foreign fund transfers to comply with the government guidelines - If you are raising funds for medical treatment, foreign funds can be transferred to…
Who can withdraw the donations?
Medical Fundraisers - INR donations can only be withdrawn to the beneficiary’s account, Immediate family members of the beneficiary & Treating Hospital.In the case of USD donations, the funds raised can…
What documents are required while raising a withdrawal request?
While adding the recipient’s bank account, the organiser is required to provide any government ID proof of the recipient account holder for KYC verification. If the beneficiary and the recipient…
What are Expense documents? Why do we have to submit expense documents for transfer of funds?
Expense documents are supporting documents that can prove that there is a need for funds. They help Fundmitr verify if the funds are being utilized for the cause stated. They…
I have added a bank account. How do I withdraw the funds raised?
Request a transfer for the funds. Click on the withdraw funds option on your fundraiser page Click on the option Request Transfer. You will be asked for an OTP as…
What is a SWIFT code? Where can I find the SWIFT code?
SWIFT stands for Society for Worldwide Interbank Financial Telecommunication. It provides a network that enables financial institutions worldwide to send and receive information about financial transactions in a secure, standardized and reliable…
How do I withdraw funds from my fundraiser?
Withdrawing funds from your fundraiser is a simple process. The following steps are to be performed to ensure a quick transfer of funds. The few steps involved are as follows…
What is a relationship proof document? Why do I need to provide it? What can I provide as a valid relationship proof document?
What is a relationship proof document? A relationship proof document is a document that establishes the relationship between the beneficiary of the funds and the recipient of the funds, in…