FEATURES
- Keep your foreign earnings in the same currency – saving yourself from exchange rate risks
- Transfer balance to NRI Accounts on regaining NRI status
- Withdraw cash in Rupees
- Earn tax exemption on interest accrued on declaration of Resident but Not Ordinarily Resident status
- Repatriate funds for bonafide purpose
- Avail of the nomination facility
- Free Email Statement facility
- Enjoy free 24-hour PhoneBanking
- Enjoy the convenience of banking at any of our branches in India
I can hold my income in forex; and draw cash in INR
Depositing money to your account
To deposit money in your RFC Savings Account, you can:
- Use the funds brought from abroad on your return in a freely convertible foreign currency
- Transfer funds from an existing NRE/FCNR Account held in other Banks
