Government nominates HDFC Bank to collect donations for the PM-CARES fund

New Delhi: The government has nominated HDFC Bank Ltd to raise funds for the PM-Cares Fund. The Prime Minister's Emergency and Citizen Relief Fund (PM-Cares Fund) was created on March 28, 2020, to raise funds to fight the COVID-19 pandemic and provide assistance to those affected.

People can now easily donate from home with debit cards, credit cards, UPIs and digital banking channels. Anyone who wishes to contribute to the emergency fund can go directly to the bank's website.

It is worth noting that all contributions to the PM-Cares Fund are eligible for a 100 percent discount under Section 80G of the IT Law.

Mr. Aditya Puri, HDFC Bank Managing Director said: “I am honored to have this opportunity. I urge everyone to make the most of it and help the government in this massive effort to ensure the minimum disruption in our lives.”

"We are facing a global health crisis. I think India acted on time, so we will emerge victorious from these difficult times."

The companies, political leaders, defense personnel, and UPM employees such as Railways and Bollywood personalities are among the organizations and individuals who have announced their contributions to the PM-Cares Fund to fight the epidemic.

HDFC Group has made a generous contribution of Rs. 150 million to the PM-Cares Fund to help the nation fight coronavirus.

Picture Source: Slide Share, the economics times, Digiqom

Also Read: IDFC Bank Share Price tanked: MD & CEO Vaidyanathan sold 27 mn shares