RFC Account
Non- Resident Indians (NRI), Persons of Indian Origin (PIO) and Overseas Citizens of India (OCIs) can open Accounts under the scheme.
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Non-residents who have returned to India are eligible to open Rupee Foreign Currency (RFC) accounts.
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RFC accounts are permitted to be maintained in six currencies only viz.US Dollars(USD), Pounds Sterling (GBP) ,EURO (EUR),Australian Dollar (AUD) and Canadian Dollar (CAD).
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The NRE deposits shall be converted into RFC without charging any pre-mature penalty.
Authorized Branches for accepting FCNR (B), RFC & RFC (D) deposits