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Corporate Social Responsibility Overview
As per Section 135 of The Companies Act 2013, all entities coming under CSR regulations are required to spend at least 2% of their Average Net Profit of the preceding three financial years on CSR activities. If the company is unable to spend the prescribed amount during the financial year, the same is transferred to ‘Unspent CSR Account’, as per the provisions of Sections 135(5) and 135(6) of the Act.
Key Benefits
Digital Account Opening
Simplified Account Opening
CSR Account can be converted to an Unspent CSR Account
Nil Non-maintenance Charges & Nil Schedule of Charges (SOC)
Dedicated Account Manager/Relationship Manager
Internet Banking Facility.
Types of Accounts
Corporate Social Responsibility Account:
Year Specific Accounts
Single Account
Unspent Corporate Social Responsibility Account.
