ICAI to Go Fully Digital from 6th May; Scrapping Cash/Cheques Payments
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ICAI to Go Fully Digital from 6th May; Scrapping Cash/Cheques/DDs Payments

ICAI Digital

Continuing the vision of Go digital and user-friendly platform, the Institute of Chartered Accountants of India (ICAI) is terminating the acceptance of payment via cash or any other tangible form like DDs, cheques, etc after 4th May 2019. For this, the ICAI has introduced the Self Service Portal.

“The ICAI has been continuously evolving ways to automate and re-engineer processes in order to make transactions easier and user-friendly. One such step has been the creation of SSP (Self Service Portal), an initiative from ICAI to make applications (Forms) and transactions (Services) – faster and easier. The full-scale Student and Member/Firm Services by ICAI will be put to implementation starting the third week of May 2019,” the ICAI said in a statement.

Currently, the ICAI is accepting cheques and DDs from students and members for the services like membership renewal, exam forms, however, this will soon be disallowed from May 6th and after that, the digitalised payments would be accepted.

“ICAI has scheduled a one-time migration activity from the old system to a new system from 6th May 2019. The entire IT Systems (including e-services) with respect to Members and Student Services will not be available between 6th May to 22nd May 2019 and the Regional Offices will not be able to process any form or any other transaction. However, the membership renewal link will be available and Members will be able to make fee payments through online mode. However New Students of Foundation Course and Direct Entry will also be able to register,” it said.

As entire ICAI is approaching towards new Digital platform, applicable from 22nd May 2019 (Wednesday), ICAI will accept only Online Application forms only via e-services at the link https://www.icai.org/new_post.html?post_id=5509 on the website www.icai.org.

Members of ICAI are required to update and attest their email ID and mobile number before 6th May 2019 to confirm access to the new system, as all transactions in the new system will be OTP based transactions.

Note: PHYSICAL DAK including CHEQUES/DD’s will not be accepted by Regional Offices and Branches after 6th May 2019.

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