RFC deposit account for your funds held in foreign currencies
Through RFC deposit account, NRIs can manage and convert their funds held in 3 foreign currencies – USD, GBP and EUR along with the interest earned. Coverage for foreign exchange risks also available.
Fully repatriable
Funds in an RFC deposit account are fully repatriable. You can access your money along with the interest earned after moving back to the home country.
Deposit funds in multiple currencies
Get greater control and flexibility over your foreign currency earnings. Standard Chartered allows to deposit money in any of these 3 foreign currencies – USD, GBP, EUR.
Hedge your foreign exchange risk
You can deposit your foreign currency earnings into an RFC deposit account and avoid any foreign exchange risk arising out of movement of funds to other countries.
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24×7 access to your account
Access your RFC deposit account from anywhere in the world and make online transactions with over 100 banks in India.
Remit funds
You can remit funds in any of the convertible currencies. The funds will be converted in USD, GBP and EUR as per your choice.
Minimum tenure
The minimum tenure for RFC deposit account can range from 1 to 2 years depending on the currency of deposit.
