{"id":3290,"date":"2026-02-25T23:23:54","date_gmt":"2026-02-25T23:23:54","guid":{"rendered":"https:\/\/mymahotsav.com\/knowledgebase\/?post_type=docs&p=3290"},"modified":"2026-02-25T23:23:54","modified_gmt":"2026-02-25T23:23:54","password":"","slug":"donation-handling-disbursement-policy","status":"publish","type":"docs","link":"https:\/\/mymahotsav.com\/knowledgebase\/docs\/policy-hub\/crowdfundings\/donation-handling-disbursement-policy\/","title":{"rendered":"Donation Handling & Disbursement Policy"},"content":{"rendered":"

Module:<\/strong> CrowdFunding (Utsav daan\u2122)
\nDocument Type:<\/strong>\u00a0Hybrid \u2014 Plain English + Legal Reinforcement
\nTrademark:<\/strong> UTSAV DAAN\u2122 is a registered trademark of MyMahotsav Futuretech Ltd
\nJurisdictions:<\/strong>\u00a0Global (with India, UK, US, EU, Singapore, South Africa addendums)
\nVersion:<\/strong>\u00a01.0
\nEffective Date:<\/strong>\u00a0[INSERT DATE]<\/p>\n

\n

 <\/p>\n

PART A: PLAIN ENGLISH SUMMARY<\/h2>\n

How We Handle Your Donations and Disburse Funds<\/h3>\n

When you donate to a UTSAV DAAN\u2122 campaign, your money goes into a special protected account\u2014separate from company funds. This policy explains exactly what happens to your money from the moment you donate until it reaches the beneficiary.<\/p>\n

The Simple Truth<\/h3>\n
    \n
  • \n

    Your money is protected<\/strong>: All donations sit in a segregated escrow account. We never mix campaign funds with our operating money.<\/p>\n<\/li>\n

  • \n

    Funds are held safely<\/strong>: Money stays in escrow until campaign conditions are met (target reached, duration ended, verification complete).<\/p>\n<\/li>\n

  • \n

    Disbursement happens after verification<\/strong>: Before releasing funds, we verify beneficiary details and ensure compliance.<\/p>\n<\/li>\n

  • \n

    Fees are deducted before disbursement<\/strong>: Platform fees, payment gateway charges, and transfer costs come off the top\u2014beneficiaries receive net proceeds.<\/p>\n<\/li>\n

  • \n

    Timelines are clear<\/strong>: We aim to disburse quickly but must balance speed with security checks.<\/p>\n<\/li>\n

  • \n

    Delays happen sometimes<\/strong>: Bank processing times, compliance checks, or international transfers can cause delays\u2014we keep you informed.<\/p>\n<\/li>\n

  • \n

    You can track your donation<\/strong>: Beneficiaries must provide updates on fund utilisation.<\/p>\n<\/li>\n<\/ul>\n

    \n

     <\/p>\n

    PART B: LEGAL TERMS AND CONDITIONS<\/h2>\n

    1. DEFINITIONS<\/h3>\n

    For purposes of this Policy:<\/p>\n

    \n
    \n
    <\/div>\n
    <\/div>\n<\/div>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
    Term<\/th>\nDefinition<\/th>\n<\/tr>\n<\/thead>\n
    Escrow Account<\/strong><\/td>\nA designated bank account maintained by MyMahotsav Futuretech Ltd, separate and distinct from operating accounts, held with a scheduled bank, for the sole purpose of holding Contributions pending disbursement<\/td>\n<\/tr>\n
    Disbursement<\/strong><\/td>\nThe transfer of Net Proceeds from the Escrow Account to the Beneficiary’s designated bank account<\/td>\n<\/tr>\n
    Gross Proceeds<\/strong><\/td>\nTotal amount of Contributions received for a Campaign, before any deductions<\/td>\n<\/tr>\n
    Net Proceeds<\/strong><\/td>\nGross Proceeds minus Platform Fees, Payment Processing Fees, Transfer Fees, and applicable taxes<\/td>\n<\/tr>\n
    Holding Period<\/strong><\/td>\nThe duration during which funds remain in Escrow Account before disbursement<\/td>\n<\/tr>\n
    Disbursement Date<\/strong><\/td>\nThe date on which Net Proceeds are transferred to Beneficiary<\/td>\n<\/tr>\n
    Payment Gateway<\/strong><\/td>\nThird-party service providers that process electronic payments<\/td>\n<\/tr>\n
    Settlement Cycle<\/strong><\/td>\nThe time taken by Payment Gateways to transfer funds to Escrow Account (typically T+2 to T+5 days)<\/td>\n<\/tr>\n
    Failed Transaction<\/strong><\/td>\nA Contribution attempted but not successfully completed due to payment failure, chargeback, or reversal<\/td>\n<\/tr>\n
    Unclaimed Funds<\/strong><\/td>\nNet Proceeds that cannot be disbursed due to Beneficiary unavailability, incorrect bank details, or refusal to accept<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
    \n

    2. FUND FLOW ARCHITECTURE<\/h3>\n

    2.1 Donation Journey<\/h4>\n
    \n
    \n
    \n
    \n
    text<\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n
    Contributor Makes Payment\r\n        \u2193\r\nPayment Gateway Processes (2-5 days settlement)\r\n        \u2193\r\nFunds Credited to UTSAV DAAN\u2122 Escrow Account\r\n        \u2193\r\nFunds Held in Escrow During Campaign Duration\r\n        \u2193\r\nCampaign Ends (Target\/Date based)\r\n        \u2193\r\nVerification & Compliance Checks\r\n        \u2193\r\nDeduction of Fees\r\n        \u2193\r\nDisbursement to Beneficiary<\/pre>\n<\/div>\n
    2.2 Escrow Account Structure<\/h4>\n
    2.2.1<\/strong> UTSAV DAAN\u2122 maintains Escrow Accounts in key currencies and jurisdictions:<\/p>\n
    \n
    \n
    <\/div>\n
    <\/div>\n<\/div>\n\n\n\n\n\n\n\n\n\n
    Currency<\/th>\nBank<\/th>\nJurisdiction<\/th>\nAccount Type<\/th>\n<\/tr>\n<\/thead>\n
    INR<\/td>\n[Bank Name]<\/td>\nIndia<\/td>\nEscrow Current Account<\/td>\n<\/tr>\n
    GBP<\/td>\n[Bank Name]<\/td>\nUnited Kingdom<\/td>\nClient Money Account<\/td>\n<\/tr>\n
    USD<\/td>\n[Bank Name]<\/td>\nUnited States<\/td>\nEscrow Account<\/td>\n<\/tr>\n
    EUR<\/td>\n[Bank Name]<\/td>\nEU Member State<\/td>\nClient Funds Account<\/td>\n<\/tr>\n
    SGD<\/td>\n[Bank Name]<\/td>\nSingapore<\/td>\nStakeholder Account<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
    2.2.2<\/strong>\u00a0Segregation Certification<\/strong>: UTSAV DAAN\u2122 obtains quarterly certification from its bankers confirming that Escrow Accounts contain only client funds and are not subject to lien or charge for company liabilities.<\/p>\n
    \n
    3. RECEIPT OF DONATIONS<\/h3>\n
    3.1 Payment Methods Accepted<\/h4>\n
    \n
    \n
    <\/div>\n
    <\/div>\n<\/div>\n\n\n\n\n\n\n\n\n\n\n
    Payment Method<\/th>\nAvailability<\/th>\nSettlement Time<\/th>\nFee Structure<\/th>\n<\/tr>\n<\/thead>\n
    Credit\/Debit Cards<\/td>\nGlobal<\/td>\nT+2 days<\/td>\n1.5-3% + fixed<\/td>\n<\/tr>\n
    UPI (India)<\/td>\nIndia only<\/td>\nT+1 day<\/td>\n0-1%<\/td>\n<\/tr>\n
    Net Banking<\/td>\nIndia, UK, EU<\/td>\nT+2 days<\/td>\nVaries by bank<\/td>\n<\/tr>\n
    Bank Transfer<\/td>\nGlobal<\/td>\n1-5 business days<\/td>\nFixed + intermediary<\/td>\n<\/tr>\n
    Digital Wallets<\/td>\nSelect markets<\/td>\nT+1 day<\/td>\n1-2.5%<\/td>\n<\/tr>\n
    International Wire<\/td>\nGlobal<\/td>\n3-7 business days<\/td>\nSWIFT fees apply<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
    3.2 Transaction Confirmation<\/h4>\n
    3.2.1<\/strong>\u00a0Upon successful Contribution, Contributors receive:<\/p>\n
      \n
    • \n
      Email confirmation with transaction ID<\/p>\n<\/li>\n
    • \n
      Contribution receipt (tax receipt where applicable)<\/p>\n<\/li>\n
    • \n
      Campaign page updated with contribution (anonymized per preference)<\/p>\n<\/li>\n
    • \n
      Option to download contribution certificate<\/p>\n<\/li>\n<\/ul>\n
      3.2.2<\/strong>\u00a0Failed transactions receive notification with reason and resolution steps.<\/p>\n
      3.3 Pending and Failed Transactions<\/h4>\n
      3.3.1<\/strong>\u00a0Contributions showing as “pending” in Contributor’s account are not considered received until:<\/p>\n
        \n
      • \n
        Funds settle in Escrow Account; AND<\/p>\n<\/li>\n
      • \n
        Transaction status confirmed by Payment Gateway<\/p>\n<\/li>\n<\/ul>\n
        3.3.2<\/strong>\u00a0Failed transactions are automatically reversed. No funds are held for failed transactions.<\/p>\n
        \n
        4. HOLDING PERIOD AND FUNDS MANAGEMENT<\/h3>\n
        4.1 Holding Period Duration<\/h4>\n
        Funds remain in Escrow Account during:<\/p>\n
        \n
        \n
        <\/div>\n
        <\/div>\n<\/div>\n\n\n\n\n\n\n\n
        Campaign Type<\/th>\nHolding Period<\/th>\n<\/tr>\n<\/thead>\n
        Fixed Target Campaign<\/td>\nUntil Campaign End Date OR Target Achieved (whichever later) + 7 day verification<\/td>\n<\/tr>\n
        Date-Based Campaign<\/td>\nUntil Campaign End Date + 7 day verification<\/td>\n<\/tr>\n
        Emergency\/Urgent Campaign<\/td>\nExpedited release subject to enhanced verification<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
        4.2 Interest on Held Funds<\/h4>\n
        4.2.1<\/strong>\u00a0Any interest accrued on funds held in Escrow Account:<\/p>\n
          \n
        • \n
          Shall be retained by UTSAV DAAN\u2122 as part of Platform operational costs<\/p>\n<\/li>\n
        • \n
          Beneficiaries have no claim to interest earned during holding period<\/p>\n<\/li>\n
        • \n
          Contributors have no claim to interest on their Contributions<\/p>\n<\/li>\n<\/ul>\n
          4.2.2<\/strong>\u00a0This provision is disclosed to comply with applicable laws regarding client money and escrow arrangements.<\/p>\n
          4.3 Fund Protection Measures<\/h4>\n
          4.3.1<\/strong> During holding period, UTSAV DAAN\u2122 ensures:<\/p>\n
            \n
          • \n
            No access to funds by any party except for authorized disbursement<\/p>\n<\/li>\n
          • \n
            Regular reconciliation of Escrow Account balances<\/p>\n<\/li>\n
          • \n
            Segregated accounting records per Campaign<\/p>\n<\/li>\n
          • \n
            Independent audit trail for all transactions<\/p>\n<\/li>\n<\/ul>\n
            4.3.2<\/strong> Funds are protected against UTSAV DAAN\u2122 insolvency through statutory trust arrangements where available (UK Client Money rules, India SEBI escrow norms, etc.).<\/p>\n
            \n
            5. DISBURSEMENT PROCESS<\/h3>\n
            5.1 Pre-Disbursement Verification<\/h4>\n
            Before any disbursement, UTSAV DAAN\u2122 conducts:<\/p>\n
            \n
            \n
            <\/div>\n
            <\/div>\n<\/div>\n\n\n\n\n\n\n\n\n\n\n
            Verification Item<\/th>\nDescription<\/th>\n<\/tr>\n<\/thead>\n
            Beneficiary Identity<\/strong><\/td>\nConfirm bank account matches verified identity<\/td>\n<\/tr>\n
            Campaign Completion<\/strong><\/td>\nVerify Campaign has ended per terms<\/td>\n<\/tr>\n
            No Fraud Indicators<\/strong><\/td>\nCheck for suspicious patterns<\/td>\n<\/tr>\n
            No Legal Holds<\/strong><\/td>\nConfirm no court orders, injunctions, or disputes<\/td>\n<\/tr>\n
            Tax Compliance<\/strong><\/td>\nEnsure tax deduction at source where applicable<\/td>\n<\/tr>\n
            FCRA Compliance<\/strong><\/td>\nFor India foreign contributions, verify FCRA registration<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
            5.2 Fee Deduction Calculation<\/h4>\n
            5.2.1<\/strong> From Gross Proceeds, UTSAV DAAN\u2122 deducts:<\/p>\n
            \n
            \n
            <\/div>\n
            <\/div>\n<\/div>\n\n\n\n\n\n\n\n\n\n
            Fee Type<\/th>\nCalculation<\/th>\nPayable To<\/th>\n<\/tr>\n<\/thead>\n
            Platform Fee<\/td>\n[X]% of Gross Proceeds<\/td>\nMyMahotsav Futuretech Ltd<\/td>\n<\/tr>\n
            Payment Gateway Fee<\/td>\nActual (varies by payment method)<\/td>\nPayment Processors<\/td>\n<\/tr>\n
            International Transfer Fee<\/td>\nActual (if applicable)<\/td>\nBanks\/Correspondents<\/td>\n<\/tr>\n
            Currency Conversion Fee<\/td>\n[X]% margin on exchange rate<\/td>\nUTSAV DAAN\u2122\/Banks<\/td>\n<\/tr>\n
            Tax (GST\/VAT)<\/td>\nAs applicable by law<\/td>\nTax Authorities<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
            5.2.2<\/strong>\u00a0All fees are disclosed on Campaign page before Contributions are accepted.<\/p>\n
            5.3 Disbursement Timeline<\/h4>\n
            \n
            \n
            <\/div>\n
            <\/div>\n<\/div>\n\n\n\n\n\n\n\n\n\n
            Scenario<\/th>\nDisbursement Timeline<\/th>\n<\/tr>\n<\/thead>\n
            Domestic transfer, verified beneficiary<\/td>\n3-5 business days post-verification<\/td>\n<\/tr>\n
            International transfer, verified<\/td>\n5-10 business days post-verification<\/td>\n<\/tr>\n
            High-risk campaign<\/td>\nExtended up to 30 days for enhanced checks<\/td>\n<\/tr>\n
            First-time beneficiary<\/td>\n7-10 business days<\/td>\n<\/tr>\n
            Existing verified beneficiary<\/td>\n2-4 business days<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
            5.4 Disbursement Methods<\/h4>\n
            \n
            \n
            <\/div>\n
            <\/div>\n<\/div>\n\n\n\n\n\n\n\n\n
            Method<\/th>\nSuitable For<\/th>\nSpeed<\/th>\nTracking<\/th>\n<\/tr>\n<\/thead>\n
            IMPS\/NEFT\/RTGS<\/td>\nIndia<\/td>\nSame day – T+1<\/td>\nYes<\/td>\n<\/tr>\n
            Local Bank Transfer<\/td>\nUK, US, EU, Singapore<\/td>\n1-2 days<\/td>\nYes<\/td>\n<\/tr>\n
            SWIFT International Wire<\/td>\nCross-border<\/td>\n3-7 days<\/td>\nYes (with tracking)<\/td>\n<\/tr>\n
            Payment Gateway Payouts<\/td>\nSelect markets<\/td>\n1-2 days<\/td>\nYes<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
            5.5 Disbursement Confirmation<\/h4>\n
            5.5.1<\/strong>\u00a0Upon disbursement:<\/p>\n
              \n
            • \n
              Beneficiary receives confirmation with transaction reference<\/p>\n<\/li>\n
            • \n
              Campaign page updated with “Funds Disbursed” status<\/p>\n<\/li>\n
            • \n
              Contributors notified of milestone completion<\/p>\n<\/li>\n<\/ul>\n
              5.5.2<\/strong>\u00a0Beneficiary must confirm receipt within [7] days. Unconfirmed receipts trigger follow-up.<\/p>\n
              \n
              6. DISBURSEMENT FAILURES AND UNCLAIMED FUNDS<\/h3>\n
              6.1 Disbursement Failure Reasons<\/h4>\n
              \n
              \n
              <\/div>\n
              <\/div>\n<\/div>\n\n\n\n\n\n\n\n\n\n
              Failure Reason<\/th>\nResolution<\/th>\n<\/tr>\n<\/thead>\n
              Incorrect bank details<\/td>\nBeneficiary contacted to provide correct details<\/td>\n<\/tr>\n
              Bank account closed\/inactive<\/td>\nBeneficiary provides alternative account<\/td>\n<\/tr>\n
              Regulatory block<\/td>\nCompliance team investigates and resolves<\/td>\n<\/tr>\n
              Beneficiary unresponsive<\/td>\nEscalation through Support Group, email, phone<\/td>\n<\/tr>\n
              Sanctions match<\/td>\nFunds frozen, legal advice sought<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
              6.2 Unclaimed Funds Protocol<\/h4>\n
              6.2.1<\/strong>\u00a0If Net Proceeds remain undisbursed for [90 days] due to Beneficiary unavailability:<\/p>\n
                \n
              • \n
                UTSAV DAAN\u2122 makes reasonable efforts to contact Beneficiary and Support Group<\/p>\n<\/li>\n
              • \n
                Notice published on Campaign page<\/p>\n<\/li>\n
              • \n
                Funds held for additional [90 days]<\/p>\n<\/li>\n<\/ul>\n
                6.2.2<\/strong>\u00a0After [180 days] total, if Beneficiary cannot be located:<\/p>\n
                  \n
                • \n
                  UTSAV DAAN\u2122 may donate unclaimed funds to a similar charitable cause<\/p>\n<\/li>\n
                • \n
                  Contributors notified of alternative disposition<\/p>\n<\/li>\n
                • \n
                  Records maintained for audit purposes<\/p>\n<\/li>\n<\/ul>\n
                  6.2.3<\/strong>\u00a0Beneficiary may claim funds up to [3 years] from disbursement failure. After 3 years, funds irrevocably applied per 6.2.2.<\/p>\n
                  \n
                  7. TAX COMPLIANCE<\/h3>\n
                  7.1 Tax Deduction at Source (TDS) – India<\/h4>\n
                  7.1.1<\/strong>\u00a0Under Indian Income Tax Act, 1961:<\/p>\n
                    \n
                  • \n
                    TDS applicable on Platform Fees (as applicable)<\/p>\n<\/li>\n
                  • \n
                    TDS on payments to Beneficiaries under Section 194C\/194J where threshold exceeded<\/p>\n<\/li>\n
                  • \n
                    TDS certificates issued to Beneficiaries<\/p>\n<\/li>\n<\/ul>\n
                    7.1.2<\/strong> UTSAV DAAN\u2122 provides Form 16A\/26AS for TDS deducted.<\/p>\n
                    7.2 GST (Goods and Services Tax) – India<\/h4>\n
                    7.2.1<\/strong>\u00a0Platform Fees attract GST at applicable rate (currently 18%).<\/p>\n
                    7.2.2<\/strong>\u00a0Tax invoices issued to Fundraisers\/Beneficiaries.<\/p>\n
                    7.3 International Tax Compliance<\/h4>\n
                    \n
                    \n
                    <\/div>\n
                    <\/div>\n<\/div>\n\n\n\n\n\n\n\n\n
                    Jurisdiction<\/th>\nTax Obligation<\/th>\n<\/tr>\n<\/thead>\n
                    UK<\/td>\nVAT on fees, Corporation Tax<\/td>\n<\/tr>\n
                    US<\/td>\nNo federal tax on donations to 501(c)(3); state variations<\/td>\n<\/tr>\n
                    EU<\/td>\nVAT on services, local tax advice recommended<\/td>\n<\/tr>\n
                    Singapore<\/td>\nGST registration if threshold met<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
                    7.4 Donor Tax Benefits<\/h4>\n
                    7.4.1<\/strong> UTSAV DAAN\u2122 does not provide tax advice. Contributors should consult tax professionals.<\/p>\n
                    7.4.2<\/strong>\u00a0Where Beneficiary is registered under Section 80G (India), receipts provided for donor tax benefit.<\/p>\n
                    \n
                    8. AUDIT AND RECONCILIATION<\/h3>\n
                    8.1<\/strong> UTSAV DAAN\u2122 conducts:<\/p>\n
                      \n
                    • \n
                      Daily reconciliation of Escrow Account vs. Platform records<\/p>\n<\/li>\n
                    • \n
                      Monthly internal audit of disbursements<\/p>\n<\/li>\n
                    • \n
                      Quarterly external audit of client money handling<\/p>\n<\/li>\n
                    • \n
                      Annual statutory audit including Escrow verification<\/p>\n<\/li>\n<\/ul>\n
                      8.2<\/strong>\u00a0Audit reports available to regulators upon request. Not publicly available due to confidentiality.<\/p>\n
                      \n
                       <\/p>\n
                      PART C: JURISDICTION-SPECIFIC ADDENDUMS<\/h2>\n
                      INDIA ADDENDUM<\/h3>\n
                      RBI Guidelines<\/strong>:<\/p>\n
                        \n
                      • \n
                        Escrow Accounts governed by RBI Master Direction on Escrow Accounts<\/p>\n<\/li>\n
                      • \n
                        FCRA compliance mandatory for foreign contributions to Indian entities<\/p>\n<\/li>\n
                      • \n
                        FEMA regulations for cross-border transfers<\/p>\n<\/li>\n<\/ul>\n
                        Tax Deduction<\/strong>:<\/p>\n
                          \n
                        • \n
                          TDS under Section 194C for contracts, 194J for professional services<\/p>\n<\/li>\n
                        • \n
                          Section 80G receipts only for registered beneficiaries<\/p>\n<\/li>\n<\/ul>\n
                          Payment Aggregator Guidelines<\/strong>:<\/p>\n
                            \n
                          • \n
                            UTSAV DAAN\u2122 complies with RBI guidelines on Payment Aggregators and Payment Gateways<\/p>\n<\/li>\n<\/ul>\n
                            UK ADDENDUM<\/h3>\n
                            Client Money Rules<\/strong>:<\/p>\n
                              \n
                            • \n
                              UTSAV DAAN\u2122 complies with FCA Client Assets Sourcebook (CASS) for client money handling<\/p>\n<\/li>\n
                            • \n
                              Statutory trust over client funds protects against insolvency<\/p>\n<\/li>\n
                            • \n
                              Monthly client money reconciliation and reporting<\/p>\n<\/li>\n<\/ul>\n
                              Charity Commission<\/strong>:<\/p>\n
                                \n
                              • \n
                                Campaigns for registered charities must comply with Charity Commission guidance on fundraising<\/p>\n<\/li>\n<\/ul>\n
                                US ADDENDUM<\/h3>\n
                                State Disbursement Requirements<\/strong>:<\/p>\n
                                  \n
                                • \n
                                  Certain states require professional fundraisers to register and file financial reports<\/p>\n<\/li>\n
                                • \n
                                  UTSAV DAAN\u2122 monitors thresholds and registers where required<\/p>\n<\/li>\n<\/ul>\n
                                  IRS Reporting<\/strong>:<\/p>\n
                                    \n
                                  • \n
                                    Form 1099-K for payment settlement entities (if thresholds met)<\/p>\n<\/li>\n
                                  • \n
                                    Charitable organizations must provide donor acknowledgments for tax purposes<\/p>\n<\/li>\n<\/ul>\n
                                    EU ADDENDUM<\/h3>\n
                                    PSD2 Compliance<\/strong>:<\/p>\n
                                      \n
                                    • \n
                                      Strong Customer Authentication (SCA) for electronic payments<\/p>\n<\/li>\n
                                    • \n
                                      SEPA Instant Credit Transfer where available<\/p>\n<\/li>\n<\/ul>\n
                                      AML Directives<\/strong>:<\/p>\n
                                        \n
                                      • \n
                                        Funds frozen pending enhanced due diligence where required<\/p>\n<\/li>\n<\/ul>\n
                                        \n
                                         <\/p>\n
                                        PART D: ENTERPRISE INTERNAL MANUAL<\/h2>\n
                                        For UTSAV DAAN\u2122 Finance & Operations Teams<\/h3>\n
                                        A. Disbursement Approval Matrix<\/h4>\n
                                        \n
                                        \n
                                        <\/div>\n
                                        <\/div>\n<\/div>\n\n\n\n\n\n\n\n\n
                                        Disbursement Amount<\/th>\nApproval Required<\/th>\nAdditional Checks<\/th>\n<\/tr>\n<\/thead>\n
                                        Up to \u20b91 lakh \/ \u00a31,000<\/td>\nFinance Manager<\/td>\nStandard<\/td>\n<\/tr>\n
                                        \u20b91-5 lakh \/ \u00a31,000-5,000<\/td>\nFinance Controller + Compliance<\/td>\nEnhanced due diligence<\/td>\n<\/tr>\n
                                        \u20b95-25 lakh \/ \u00a35,000-25,000<\/td>\nCFO + Legal<\/td>\nSource of funds check<\/td>\n<\/tr>\n
                                        Above \u20b925 lakh \/ \u00a325,000<\/td>\nBoard Committee<\/td>\nFull forensic review<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
                                        B. Daily Reconciliation Checklist<\/h4>\n
                                          \n
                                        • \n
                                          Download Escrow Account statement<\/p>\n<\/li>\n
                                        • \n
                                          Match all settled transactions to Platform records<\/p>\n<\/li>\n
                                        • \n
                                          Investigate discrepancies > 0.1%<\/p>\n<\/li>\n
                                        • \n
                                          Flag unreconciled items to Finance Manager<\/p>\n<\/li>\n
                                        • \n
                                          Update Campaign escrow balances<\/p>\n<\/li>\n
                                        • \n
                                          Document reconciliation sign-off<\/p>\n<\/li>\n<\/ul>\n
                                          C. Disbursement Processing Schedule<\/h4>\n
                                          \n
                                          \n
                                          <\/div>\n
                                          <\/div>\n<\/div>\n\n\n\n\n\n\n\n\n\n
                                          Day<\/th>\nActivity<\/th>\n<\/tr>\n<\/thead>\n
                                          Monday<\/td>\nProcess previous week’s completed campaigns<\/td>\n<\/tr>\n
                                          Tuesday<\/td>\nInitiate international transfers<\/td>\n<\/tr>\n
                                          Wednesday<\/td>\nVerify bank details for new beneficiaries<\/td>\n<\/tr>\n
                                          Thursday<\/td>\nProcess domestic transfers<\/td>\n<\/tr>\n
                                          Friday<\/td>\nQuality check, reporting, audit trail update<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
                                          D. Fee Matrix (Internal Reference)<\/h4>\n
                                          \n
                                          \n
                                          <\/div>\n
                                          <\/div>\n<\/div>\n\n\n\n\n\n\n\n\n\n
                                          Payment Method<\/th>\nGateway Fee<\/th>\nPlatform Fee<\/th>\nSettlement Time<\/th>\n<\/tr>\n<\/thead>\n
                                          Credit Card (Domestic)<\/td>\n1.8% + \u20b910<\/td>\n[X]%<\/td>\nT+2<\/td>\n<\/tr>\n
                                          Credit Card (International)<\/td>\n2.5% + \u20b920<\/td>\n[X]%<\/td>\nT+3<\/td>\n<\/tr>\n
                                          UPI<\/td>\n0.5% (up to \u20b9100)<\/td>\n[X]%<\/td>\nT+1<\/td>\n<\/tr>\n
                                          Net Banking<\/td>\n\u20b95-25 flat + 0.5%<\/td>\n[X]%<\/td>\nT+2<\/td>\n<\/tr>\n
                                          International Wire<\/td>\n$15-50 fixed<\/td>\n[X]%<\/td>\n3-7 days<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
                                          Module: CrowdFunding (Utsav daan\u2122) Document Type:\u00a0Hybrid \u2014 Plain English + Legal Reinforcement Trademark: UTSAV DAAN\u2122 is a registered trademark of MyMahotsav Futuretech Ltd Jurisdictions:\u00a0Global (with…<\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","meta":{"footnotes":""},"doc_category":[211],"glossaries":[255],"doc_tag":[240,31,245],"knowledge_base":[199],"class_list":["post-3290","docs","type-docs","status-publish","hentry","doc_category-crowdfundings","glossaries-settlement-cycle","doc_tag-guideline","doc_tag-policy","doc_tag-standard","knowledge_base-policy-hub"],"year_month":"2026-04","word_count":1732,"total_views":"72","reactions":{"happy":"0","normal":"0","sad":"0"},"author_info":{"name":"MyMahotsav Admin","author_nicename":"support-team","author_url":"https:\/\/mymahotsav.com\/knowledgebase\/author\/support-team\/"},"doc_category_info":[{"term_name":"CrowdFundings","term_url":"https:\/\/mymahotsav.com\/knowledgebase\/docs\/mm-guides\/crowdfundings\/"}],"doc_tag_info":[{"term_name":"Guideline","term_url":"https:\/\/mymahotsav.com\/knowledgebase\/docs-tag\/guideline\/"},{"term_name":"Policy","term_url":"https:\/\/mymahotsav.com\/knowledgebase\/docs-tag\/policy\/"},{"term_name":"Standard","term_url":"https:\/\/mymahotsav.com\/knowledgebase\/docs-tag\/standard\/"}],"yoast_head":"\nDonation Handling & Disbursement Policy | Utsav Daan - MyMahotsav<\/title>\n<meta name=\"description\" content=\"Learn how UTSAVDAAN\u2122 handles donations, holds funds in escrow, and disburses to beneficiaries. 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