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Resident Foreign Currency Deposit

Designed for any person who was an NRI but is now residing in India for a continuous period of not less than 1 year

Secure Returns

Safe, high returns on foreign currency deposits without foreign exchange conversion risk


Balance in the account including interest earned is fully repatriable

Risk-Free Conversion

No foreign exchange risk from conversion into rupees

5 Currency Options


Features and Benefits

High interest rates on your deposits. For details, check Interest Rates on NRI Deposits

*For all new Reinvestment Term Deposits to be opened on and after 1st August, 2013 and all existing Reinvestment Term Deposits that may be renewed on and after 1st August, 2013, interest reinvested would be net of TDS and hence the maturity value would vary to that extent.

Transfer money to and from your account

Any permitted foreign currency

  • Remittance from abroad such as funds in bank account outside India, income such as dividend, interest, profit, rent, etc., sale proceeds of eligible assets abroad
  • Pension or other monetary benefits received outside India, arising out of employment outside India prior to his returning to India
  • Interest earned on RFC account
  • Foreign currency notes or travellers cheques
  • Transfer from other RFC accounts
  • Balance transferred from NRE or FCNR accounts
  • Transfer from RIFEE account
  • Any bona fide remittance outside India through normal banking channels
  • Withdrawals or payments in India (in Indian rupees)
  • Transfer to other RFC accounts
  • Payment in foreign currency in India can be permitted only with the permission of RBI

Loan or overdraft can be allowed against balances in an RFC account.

Change of Residential Status

  • If the nominee is a person resident outside India, then funds may be remitted outside India to the extent of his share or entitlement from the account of the deceased
  • If the nominee is resident in India, and for meeting the liabilities of deceased, wants to remit funds outside India, he can do so after obtaining permission from RBI

Eligibility and Documentation

Fees and Charges

Download Forms

Download Forms

Download Forms


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55 paise NRI

55 paise better rates on USD Remittances for NRI

Simply choose wire transfer to send money to your loved ones in India