Axis Bank - NRI - Accounts - Resident Foreign Currency(RFC) Account - Who cannot open an NRI Account?
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RFC Accounts

Resident Foreign Currency (RFC) Account

: Who cannot open an NRI Account?

The following cannot open a NRO account

  • Residents who travel overseas for health and medical check up, or
  • For any tour abroad for their short visit whether on excursion or business promotion, or
  • Residing in Bangladesh or Pakistan without prior approval of RBI, or
  • Residing in Nepal and Bhutan, or
  • Seafarers employed by Indian shipping companies

Click here to apply for Resident Foreign Currency Account.
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