State-owned Bank of Maharashtra (BoM) on 6 April 2020, the government has nominated it for collection of donations for the PM-CARES Fund to help fight COVID-19 pandemic. The contributions can be made by cash, RTGS, NEFT, IMPS, cheques and demand drafts drawn in favour of the PM CARES Fund, the lender said in a release.

One can also remit contributions directly by electronic clearing system (ECS) to the designated savings bank account of Bank of Maharashtra.

The contribution made for the fund is 100 per cent exempted under Section 80G of the Income Tax Act.

Many corporates, defence personnel, employees of PSUs such as Railways, sports persons and Bollywood personalities have announced their contribution to the PM-Cares Fund.