RFC Deposit

RFC Deposits The RFC deposit account is ideal for NRIs who have returned to their home in India for good by providing an excellent means of investing foreign exchange accumulated while abroad. If the account holder leaves India and becomes non-resident again, then the balance available in the RFC account can be repatriated or the account can be converted into an NRE or FCNR account.

The RFC account also comes with a nomination facility. Rates, fees and charges, wherever applicable, are subject to change without prior notice. The latest schedule of fees is available upon request at our branches in India and is also accessible here.

For more information, please contact us

  • An RFC deposit account is available for resident Indians (returning non-resident Indians as well as residents who receive foreign exchange as part of their profession/business)
  • Savings and fixed deposit accounts can be opened for designated currencies
  • Repatriation of these funds is possible as per the latest guidelines
  • Attractive rates of interest
  • Tax deducted at source for interest as per rules.

For further details, please click here.

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Mumbai Office

75 Rehmat Manzil,
Veer Nariman Road, Churchgate,
Mumbai 400020 - INDIA
Tel : +91 22 39534100
Fax : +91 22 39534106

Bengaluru Office

Citi Centre, 28 Church Street,
Bengaluru 560001 - INDIA
Tel: +91 80 25582000
Fax:+91 80 25582323

Head Office

Abu Dhabi Commercial Bank Building,
Shk Zayed Street,
P. O. Box: 939,
Abu Dhabi, United Arab Emirates
www.adcb.com