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Deposition of donation in DJST
- Staff members of the institute (Associate Professors and above) can have their own subaccount. For other (including students) subaccount can be opened for a specific activity, however while operating it signature of Associate Professor/ Professor/HOD associated with that activity is required. Name of such authorizing person should be communicated to DJST at the time of submitting request letter for opening the subacount, along with consent letter of the said staff member.
- While depositing the amount received by the member of the institution for a specific project, a letter from the donor/sponsor is a must, which should mention the purpose of donation.
- The staff member should submit the utilization budget. In case it is not possible to provide the utilization budget for the entire amount donated, budget for the amount, which he/she wishes to utilize in near future, should be submitted.
- If the donation is for a research project, then Ethics Committee approval needs to be submitted.
- The staff member should also mention if any other colleague is to be authorized to operate the grant/ donation. Name of the subaccount may also be suggested.
- It is essential that all these documents should be forwarded through Head of the Department.
The Board of Trustees meets on 2 nd Saturday of each month. In this meeting, the papers will be placed before the trustees and their approval will be sought. The decision of the trustees will be communicated to the staff member.
Please note the following:
1. Administrative charges on the deposited amount will be deducted as per the slab structure given below
| Deposit amount (Rs) | Administrative charges to be deducted (Rs) |
| Upto 1,00,000/- | 10 % |
| >1 lac to 5 lacs | =10,000/- |
| >5 lacs to 10 lacs | =25,000/- |
| >10 lacs to 25 lacs | = 50,000/- |
| >25 lacs to 50 lacs | =1,00,000/- |
| >50 lacs to 1 crore | =1,35,000/- |
The deduction will be made from the donation deposited in the trust based on the slab into which this individual deposit falls, irrespective of the anticipated total deposit for the purpose.