A Publication by Rotaract India MDIO for RY 2022-23
A.
They shall be charged
on pro-rata basis in
the next invoice cycle.
Rotaract India MDIO
A.
They shall be charged
in the next invoice
cycle.
Rotaract India MDIO
A.
Such member shall be
charged on pro-rata
basis in the next
invoice cycle
regardless of him/her
leaving mid-way.
Rotaract India MDIO
A.
RI Treasury declares
exchange rates and
invoice amount will
be based on RI
Exchange rate of
January.
Rotaract India MDIO
A.
Depends on your
bank. Currency of
Payment is INR.
Rotaract India MDIO
A.
It is recommended
but not mandatory. A
Club can pay from a
bank account that is
not in the Club’s
name.
Rotaract India MDIO
A.
Yes.
Rotaract India MDIO
A.
Not recommended.
Rotaract India MDIO
A.
If the University is
okay with it, then yes.
Rotaract India MDIO
A.
Rotaract Clubs are
suppose to administer
their finances on
their own. However,
they can seek help
from sponsor clubs.
Rotaract India MDIO
A.
The liability of a Club’s
RI dues lies solely with
the Club and the Club
that defaults payment
over 120 days are
terminated by RI.
Rotaract India MDIO
A.
Rotaract India MDIO
A.
Rotaract India MDIO
A.
While there’s no
minimum membership
criteria, RI Board
recommends a Rotaract
Club to maintain a
minimum membership
of 12 (twelve).
Rotaract India MDIO
A.
For the January 2023
invoice, only bank
transfer methods of
payment are supported for
paying RI dues. There’s no
option to pay through
Credit/Debit cards or UPI.
Rotaract India MDIO
A.
Yes. We recommend
consulting your local
Tax practitioner/CA
regarding GST.
Rotaract India MDIO
A.
No; each Club shall be
given a separate/unique
bank details to pay their
RI dues to. Please note
the virtual account
given in the invoice is
club specific.
Rotaract India MDIO
A.
Rotaract India MDIO
A.
RI/SAO Staff shall
update regarding this
at a later point in
time.
Rotaract India MDIO
A.
Any and all reports available to a
DRR can be found on MyRotary>
Club and District administration >
Reports (under District
administration). Should there
arise the need for any data not
available or accessible to the DRR,
then the DRR may contact an
MDIO or the respective regional
office.
Rotaract India MDIO
A.
All reported officers will be able to see
the Club’s payment status by going to
MyRotary> Club Administration >
Daily balance Report. Should there be a
requirement for any data related to
Club’s finances due to RI, the Club’s
are encouraged to seek help from
district leaders, MDIOs or contact the
respective RI regional office. For Clubs
in India, it is the Rotary International
South Asia Office (RISAO)
Rotaract India MDIO
A.
Not yet. But RI/SAO
Staff shall update as
when any changes
come.
Rotaract India MDIO
A.
They will be charged with RI
Dues in the next payment
cycle. For specific
clarification, Clubs Chartered
after invoice is raised on 1st
January 2023 will be charged
in the invoice to be raised on
January 2024 on pro-rata
basis.
Rotaract India MDIO
A.
Membership data on
the system
(Rotary.org) as on 1st
January 2023.
Rotaract India MDIO
A.
For subsequent invoice, the dues shall be calculated
as per club membership on the date of invoice.
However, it is worth noting that such subsequent
invoice shall also include prorated dues for
member(s) who joined and left the Club after the
previous invoice was raised.
Ex: In the case of Rotaract Club of example town.
The Club paid their dues as per the invoice on 1st
January 2023.
The Club reported a new member named Rohit on 2nd
January 2023. Rohit’s member dues will be included
in the January 2024 invoice and will be calculated
from his the date he was reported as a member in the
system (Rotary.org) which is 3rd January 2023.
Rotaract India MDIO
A.
Global Grants are funded
by TRF Contributions and
dues are not used for that
purpose. The dues collected
will be used for promoting
and supporting Rotaract
and improving members’
experience.
Rotaract India MDIO