Resident Foreign Currency (RFC) Account

Secure Your Foreign Earnings in India

South Indian Bank’s RFC Account is designed for Persons of Indian Origin (PIOs) returning to India after a minimum of one year abroad. This account enables returning NRIs to hold and manage their foreign currency earnings, ensuring easy repatriation, flexibility, and continued financial security.

Key Features and Benefits

Multi-Currency Holding

Maintain deposits in USD, GBP, AUD, CHF, JPY, and EURO.

Flexible Fund Management

Credit funds from foreign bank accounts, investments, pensions, and NRE/FCNR(B) balances.

Full Repatriability

Funds can be repatriated or transferred to NRE/FCNR(B) accounts if the account holder becomes an NRI again.

Usage Flexibility

Balance can be used for bona fide expenses like international travel and children’s education abroad.

Types of Resident Foreign Currency (RFC) Account

Choose from a Range of NRI Investment Plans to Invest Your Money Wisely.

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