Unspent CSR Account

Features of CSR / Unspent CSR Account

All You Need To Know

CSR Account

​​​​​​​Benefits / features of HDFC Bank CSR Current Account

  • Simplified account opening process: With streamlined paperwork and quick processing, open CSR account seamlessly by choosing any current account from our diverse range of offerings.
  • Internet banking facility: Conduct your transactions seamlessly anytime, anywhere via Internet banking for your CSR Account.
  • Free transfers: Avail free transfers through RTGS / NEFT / Fund Transfers.
  • Year-specific account: If you wish to open a CSR account for a specific year, then you can opt for a Year-Specific CSR Account with HDFC Bank. You can directly transfer your CSR obligation amount to this account and spend on your CSR activities. After you fulfil your CSR obligations for the relevant year, you can close the account.
  • Multiplier benefits: You can enjoy multiplier benefits across all transactions.
  • Dynamic pricing: Dynamic multiplier pricing ensures cost-efficiency at all times

Stream through different HDFC Bank Current Account offerings and select the best current account to meet your CSR obligations.

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Unspent CSR Account

Opening an Unspent Corporate Social Responsibility Account is mandatory if you have an unspent amount of your CSR obligations. Therefore, opening an HDFC Bank Unspent CSR Account allows you to fulfil all your statutory obligations, stay compliant and avoid any legal hurdles.

Benefits / features of HDFC Bank Unspent CSR Current Account

  • Zero balance account: We understand the importance of CSR obligations. To provide you with the best support in your CSR endeavours, the Unspent CSR Account comes with zero balance requirements.
  • Seamless account opening: Opening an Unspent CSR Account is as simple as opening any other account with HDFC Bank. With minimal paperwork, you can seamlessly open your Unspent CSR Account.
  • My Account my choice - Account can be opened with number of your choice.
  • Cheque book facilities: Fulfil all your CSR obligations and make payments in the same manner as your business via the chequebook facility.
  • Internet banking facilities: Forgot your chequebook? HDFC Bank’s Unspent CSR Account supports Internet banking, allowing you to conduct transactions anytime, anywhere seamlessly.
  • No initial payment: You are not required to make any initial payment for opening your HDFC Bank Unpsent CSR Account.
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Value added services

  • 1) NetBanking
    Digital banking has made your CSR / Unspent CSR compliance easier than ever. You can seamlessly conduct transactions through the Net Banking facility from your HDFC Bank CSR / Unspent CSR Account.
  • 2) Dedicated Relationship / Account Manager
    Feeling stuck? Our dedicated Relationship and Account Manager is always there to help you. If you find any difficulty or have any problems, you can always get assistance from our dedicated support team.
  • 3) Doorstep banking
    We understand that your time is precious. Therefore, you can conduct all banking transactions from the comfort of your office through HDFC Bank's doorstep banking facility. You don't need to visit the bank for day-to-day banking facilities!
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Frequently Asked Questions

Every company which satisfies the specified criteria needs to constitute a Corporate Social Responsibility Committee of the board. The committee shall consist of 3 or more Directors, out of which 1 Director should be an Independent Director. In case a company is not required to appoint an Independent Director under Section 149(4), then its CSR committee should have at least 2 or more Directors.

Companies are required to spend at least 2% of their average net profits. The company should give preference to the local areas where it operates.

CSR provisions don't apply to companies whose net worth is not more than ₹500 crore or more, turnover of ₹1,000 crore or more, or net profits of ₹5 crore or more during the immediately preceding financial year. Furthermore, the circular reiterates that those activities that benefit only the employees or their families, one-off events, expenses towards the fulfilment of regulatory statutes, contributions to political parties, activities as part of the normal course of business or those undertaken outside of India do not qualify as CSR expenses.

No, a company can open a single special account, called the Unspent Corporate Social Responsibility Account, for a financial year in any scheduled bank to transfer the unspent amount w.r.t ongoing projects of that financial year. A company needs to open a separate 'Unspent CSR Account' for each financial year but not for each ongoing project.

No, the provisioning of a separate special account, namely the Unspent CSR Account, in any scheduled bank is to ensure that the unspent amount, if any, is transferred to this designated account and used only for meeting the expenses of ongoing projects and not for other general purposes of the company. The special account cannot be used by the company as collateral or any other business activity.

Yes. CSR provisions shall also apply to Section 8 companies.

Whether you can invest your unutilised CSR funds or not differs between ongoing and not-ongoing projects:

Not-ongoing projects: The unutilised part is to be transferred to the Fund referred to under Schedule VII, immediately within 6 months after the end of the financial year. Therefore, there is no question of parking it under an FD.


Ongoing projects: Companies act allows you to park it in a separate bank account in such a manner that allows usage of the funds within three years. Accordingly, the unutilised part of the funds may be parked temporarily to earn interest in line with the guidelines as stipulated in the companies act or as amended from time to time.