As per the section 135 (6) of the Companies Act 2013, any unspent CSR amount relating to ongoing projects must be transferred within 30 days from the financial year-end into an Unspent CSR Account opened with a scheduled bank. The amount must be utilised within three financial years from the date of such transfer.  

The CSR Unspent Current Account ensures companies strictly meet compliance timelines while maintaining full visibility and audit-friendly fund trails.

Eligibility

Any company having unspent amount in respect of an ongoing CSR project, undertaken in accordance with the Company’s Act 2013 & Companies Rule 2014 as amended time to time is required to transfer within 30 days from the end of the financial year to Unspent Corporate Social Responsibility Account for that financial year

Features*

• Zero Monthly Average Balance (MAB) requirement

• Zero initial pay in at account opening. 

• Unlimited cash withdrawals and deposits

• Unlimited RTGS/NEFT/IMPS/DD transaction

• Unlimited cheque leaves

• Free email statements & SMS alerts

• Access through Internet banking

*T&C apply