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Accounts that suit your needs

Maintain your accounts in foreign currency with RFC Savings Account

 
Currency  
 
  • You can maintain the account in 4 foreign currencies: US Dollars, Pound, EURO and Yen
  • The account can be opened in any convertible currency. It would be converted into any of the four currencies mentioned above as per your choice.
 
Account Operation  
 
  • The minimum balance for your deposit is USD 1,000 or an equivalent in other currencies
  • You can have a joint account with a Non-Resident Indian(s)
  • You can register nomination for this account
 
Repatriability and Taxation  
 
  • The principal amount and interest earned are fully repatriable.
  • The deposits and interest are exempted from Indian tax.
 
     
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