RFC Account: Apply for Resident Foreign Currency Account

Resident Foreign Currency

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YES BANK's Resident Foreign Currency (RFC) Fixed Deposit allows the returning Global Indian to earn attractive returns on foreign currency funds and the flexibility of converting your foreign currency deposits into Indian rupees whenever required

key attractions

FUNDS

Funds can be held in 6 currencies

FOREIGN CURRENCY

Flexibility of converting your foreign currency deposits into Indian rupees whenever required

IDEAL FOR NRI

Ideal for NRIs returning to India

features & benefits

bonafide remittances

Funds can be freely utilized for bonafide remittances outside India through normal banking channels

transaction

On regaining your NRI status, balances in RFC accounts can be freely transferred to NRE/ FCNR deposits

REACH

Our inter-city banking facility allows you to bank at any of our branches during your visit to India

other benefits

View our hosts of other benefits

View our hosts of other benefits:

Flexibility of converting your foreign currency deposits into Indian rupees whenever required
Funds to be held in 6 currencies - USD, GBP, EUR, JPY, CAD and AUD
Funds held in an RFC Fixed Deposit and the interest earned are fully repatriable*
Interest earned on RFC Deposits is subject to Tax deducted at source @10%
Our internet banking facility offers you 24-hour access to your account while ensuring the highest level of security
Interest rates for RFC deposits are subject to change on the 1st of every month and as per the guidelines issued by the Reserve Bank of India from time to time.

* The deposit would be booked with the net amount received after deducting appropriate charges / fees as may applicable at the time of remittance / clearance of the cheque

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