Features

ICICI Bank RFC (D) Account has been created to meet your need for accessing foreign exchange frequently without any hassle. It will save commission charges and will also protect your money from valuation risks due to exchange rate fluctuations.

Product Features:

• RFC (D) Account is a single currency account. It can be opened in Pound Sterling (GBP), US Dollar (USD), Japanese Yen (JPY) or EURO (EUR). Deposits in multiple currencies in a single account are not permitted. You may open separate accounts for each of the permitted currencies.
• Protects your money from valuation risks due to exchange rate fluctuations.
• No exchange charges will be levied for converting foreign currency into INR.
• This account will be maintained in the form of a current account. No interest is payable on deposits.
• Foreign Currency BUY rate of ICICI Bank as prevailing for that currency on the day of the transaction will apply for converting the foreign currency into INR.
• Foreign currency withdrawals can be possible in the form of cash, traveler’s cheque, foreign currency DD. Withdrawal limit will be as per RBI guidelines.
• No ceiling on the maximum amount of deposit in the account.
• No minimum balance required.
• Nomination facility.