|
|
 |
 |
 |
 |
General FAQs on RFC Accounts |
|
 |
|
|
 |
|
 |
|
|
|
 |
General FAQs on RFC Accounts. |
|
|
|
|
|
Are there any facilities available for returning Indians?
Returning Indians can avail of the following facilities:
Maintenance of assets abroad: An NRI, who has stayed abroad continuously for at least one year, is permitted to maintain his investments in Bank deposits, shares, securities, business and immovable properties abroad.
Eligibility to open a Resident Foreign Currency Account (RFC): NRIs returning permanently, after a continuous stay of minimum one year abroad, can open Resident Foreign Currency Accounts with Banks in India.
|
|
What is the Resident Foreign Currency Account Scheme?
This is a scheme permitting persons of Indian Nationality or Origin who have returned to India for permanent settlement (Returning Indians) after being resident outside India for a continuous period of not less than one year, to open Foreign Currency Accounts against the proceeds held in NRE/FCNR accounts of funds remitted from abroad.
|
|
What types of accounts can I open under RFC scheme?
You can open Savings, Current and Fixed Deposit Accounts under the RFC scheme.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
