Chartered Accountancy Body ICAI To Introduce New Self-Service Portal For Faster Digital Transactions From May

The Institute of Charted Accountants of India (ICAI) has announced its plan to introduce a new digital self service portal for faster transactions.

As per a notice issued by ICAI, the self service portal would be fully implemented from the third week of may and would be available for members, CA firms and students.

This, ICAI claims is part of its drive to automate and re-engineer processes to make transactions easier and more user friendly.

The system would be migrated from the old to the new service portal on 6 May thus the service would remain unavailable for members from 6 to 22 May after which the new system would be launched.

Despite being down for maintenance, services like membership renewal, online fee payments and new student registration for foundation courses and direct entry would remain available.

In order to access the new system, the members are required to update and validate their e-mail addresses, mobile numbers prior to 6 May. All the transactions in the new system would be OTP based.