As per RBI guidelines, any person who wishes to receive foreign currency for cultural, economic, educational, religious and social purposes should get themselves registered with the Government of India before accepting any ‘foreign contribution’. Ketto is refunding donations in your case as you are not registered under F.C.R.A. and remitting foreign funds without a valid F.C.R.A certificate may lead you to face some regulatory action. Hence to safeguard Ketto and you as a fundraiser, we have decided to go ahead with refunding the foreign donations.
Is this a permanent change? If not then how long will it last?
Yes, this is a permanent change. It is a regulatory requirement from RBI hence it can be changed once there is relaxation in the rules from RBI.