RFC - Domestic Account

Features and Benefits

  • Retain your foreign exchange funds in the currency you receive
  • Maintain a record of your foreign exchange transactions through monthly statements
  • Enjoy preferential rates when converting your foreign currency into Indian Rupees
  • Don’t lose money due to exchange rate fluctuations.

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Eligibility

  • All Resident Indians (Individuals) are eligible to open RFC Domestic Accounts
  • If you are a new customer to the bank, you will first need to open either a current or savings account with HDFC Bank.

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Contact Number
Ahmedabad
6160 6161

What are the features and benefits for an RFC Domestic Current Account?

Features

Features and Benefits

  • Retain foreign exchange earnings in the currency you receive the funds.
  • Convert at any time you wish by transferring to your current or savings account.
  • Enjoy preferential rates at the time of conversion and hence savings on your cost
  • Track your funds through monthly statements or through logging into NetBanking.
  • Open your RFC Domestic account in three different currencies – USD / Euro / GBP

How am I eligible for an RFC Domestic Current Account?

  • All resident Indian individuals can open RFC Domestic account.
  • If you are a new customer, you need to first open a current or savings account with the Bank.
  • This is an individual level account and cannot be jointly held with other account holders.
  • Currently Partnership, Proprietorship, HUF and Minors are not eligible to open such accounts.

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