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What is a Resident Foreign Currency Account? 2013-09-30 06:18:49
Returning NRIs /PIOs may open, hold and maintain with an authorised dealer in India a Resident Foreign Currency (RFC) Account to transfer balances held in NRE/FCNR (B) accounts. Proceeds of assets held outside India at the time of return can...
Keywords: What is a Resident Foreign Currency Account, What is a Resident Foreign Currency Account, RFC account., Resident Foreign
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Quick Guide to Open Resident Foreign Currency Account for Returning NRI 2018-12-31 04:47:48
A returning Non-Resident Indian (NRI) would have assets and bank accounts abroad, as well as income generated from these assets would be in a foreign currency. According to the report, a returning NRI has the option of bringing the funds...
Keywords: foreign currency, types of foreign currency account, fcnr account, rfc account for nri
Read More RFC Savings Account in ICICI Bank 2013-09-30 05:39:29
What is an RFC Savings Account? An RFC (Resident Foreign Currency) Savings Account is a savings account maintained in foreign currencies - USD and GBP - for NRIs who have returned to India and hold funds in foreign currency....
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