ICICI Bank receives mandate to collect donation for PM CARES Fund

Mumbai, April 06, 2020: ICICI Bank on Monday announced that it has been authorised to collect donation for the Prime Minister’s Citizen Assistance and Relief in Emergency Situations (PM CARES) Fund. The fund has been created 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.

The individuals and organisations can conveniently donate to the ‘PM CARES Fund’ account with ICICI Bank through the Bank’s various digital channels including internet banking and RTGS/NEFT. Even non- ICICI Bank customers can contribute to this account through internet banking from their bank accounts, said a statement issued by the bank.

It says that donations to this fund are exempted 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.

Speaking on receipt of the mandate, Executive Director of ICICI Bank Anup Bagchi said, "ICICI Bank is honoured to join hands with Government of India to collect donations for the PM CARES Fund. We are delighted to announce the launch of ICICI Bank account for collection of donation towards this noble cause."

The bank urged all citizens to donate generously to the fund and help government provide relief to those who are impacted by the COVID-19 pandemic. The willing contributors can donate through the various digital channels of the Bank."

 The bank also issued the account detail where Indian citizens or groups can donate.  

Account details

 ICICI Bank Ltd is a leading private sector bank in India. The Bank’s consolidated total assets stood at Rs 13,04,911 crores on December 31, 2019. ICICI Bank’s subsidiaries include India’s leading private sector insurance, asset management and securities brokerage companies. It is present across 15 countries, including India.