Contest withdrawal of Funds Process


The funds raised by any campaigner, both individual and NGO, can be withdrawn by them without any hurdles or delays. The amount would be directly credited to the campaigner’s bank account on or before the 25th day of the subsequent month once the withdrawal request is received from the Campaigner by Filaantro in the previous month.

To withdraw, the campaigner will need to submit their bank account details and mandatory documents listed below.


Individuals:-


Need to submit the bank account details and photocopies of the following documents of the beneficiary/campaigner:

  1. PAN card.

  2. Address proof - Aadhar card (front and back) or Passport (first and last page) or Election card (front and back) or Driver's license.

  3. Copy of cancelled cheque or 1st page of passbook.


NGOs:-


All NGOs must at least share the following documents with Filaantro:

  1. Incorporation Document/Registration Certificate/Trust Deed/Society deed (mandatory).

  2. PAN Card Copy (mandatory)

  3. 80G Registration Certificate (if applicable)

  4. Bank Account Information in the form of a copy of a cancelled cheque of the account/previous month's bank statement (mandatory)


Note:


  1. Bank name, branch name, IFSC code, account number and account holder's name should be mentioned on the bank statement or cancelled cheque.

  2. The address proof should be valid as of the submission date and mention the address in full.

  3. The name mentioned on all the documents should be the same.

  4. The documents should be easily readable and not blurred or cropped.


Please note that Filaantro cannot process any payout until the necessary information is uploaded and approved.

We would highly recommend that you complete the compliance documentation when your fundraiser is running for a quick and smooth pay-out.

When a donor donates on our crowdfunding platform, the donation amount first goes to the virtual account created by the payment gateway's end in the campaigner’s name and the disbursals are processed as per the norms.