'Commercial banks to accept donations for PM fund' Wednesday, December 29 2004 19:36 Hrs (IST) - World Time -
Mumbai:
Reserve Bank of India today (Dec 29, 2004) said all branches of commercial banks in the country will receive donations to the Prime Minister's National Relief Fund (PMNRF).
These banks would also nominate a nodal branch in New Delhi for collecting the contribution, RBI said in a release in Mumbai.
Each collecting branch would send collection to nodal branch of its own bank in New Delhi every day along with details about donor, their addresses, cheque and demand draft number along with the quantum of contribution, it said.
The nodal branches would remit the funds to any of the 12 designated branches in New Delhi, which are maintaining PMNRF account.
The designated branches for PMNRF in New Delhi are Central Bank of India's (Janpath branch), State Bank of India's institutional division (Parliament Street) and Bank of India at (Janpath), Union Bank Of India (Connaught Place), Dena Bank (Karol Bagh), Syndicate Bank (South Block).
Other designated branches in New Delhi are Corporation Bank (Connaught Place), Indian Overseas Bank, Punjab National Bank and Allahabad Bank (all at Parliament Street), Indian Bank (Connaught Place) and Citi Bank (Connaught Circus), the release said.
RBI's regional director at New Delhi has been nominated as coordinating officer to facilitate smooth transmission of funds to PMNRF, it added.