How do I withdraw funds from my fundraiser?

Created by Samantha Pereira, Modified on Tue, 04 Oct 2022 at 12:40 PM by Stanley Junior

Withdrawing funds from your fundraiser is a simple process. The following steps are to be performed to ensure a quick transfer of funds.

The few steps involved are as follows

  1. Adding the recipient’s bank account (refer to the table for better understanding)
  2. Requesting fund transfer

The table below shows some important information regarding the withdrawal of funds.

 Donations in INRDonations in USD
Whose account can funds be transferred to? (Recipient)
Funds can be transferred to any of the following accounts
  • beneficiary’s account 
  • treating hospital’s account 
  • immediate family member’s account 
  • Educational institution’s account 
  • vendor’s account
  • NGO’s bank account
Funds can be transferred to any of the following accounts
  • treating hospital’s account
  • Educational institution’s account
  • Service provider’s account
  • Vendor’s account
  • NGO’s FCRA account
What documents are required at the time of adding the recipient’s bank account?KYC (Know your customer) documents such as Government issued ID and address proofs are required along with a valid relationship proof document. Click here to know more.
What are expense documents?

Expense documents refer to the bills/invoices that are related to your fundraiser. Click here to know more.

What are the timelines for the transfer of funds?3-5 working days 7-10 working days

All withdrawal requests will be verified by our Verifications team before processing. Bills are a must to ensure a smooth transfer of funds. For smooth processing of INR donations, please ensure bills amounting to 70% of the requested amount are provided.

Remittance of foreign funds without a valid FCRA certificate can lead to regulatory action & hence to safeguard Milaap & you as a fundraiser, we can either have the foreign donations transferred to the above available options or we will have to disable the option of accepting foreign donations.

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