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RFC (Domestic) Account - for Resident Indians

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Open a Bank of Baroda Current Account.

RFC (Domestic) Account - for Resident Indians

This deposit plan is ideal for utilising foreign exchange acquired on account of

  • A visit to any place outside India by way of payment for services not arising from any business or similar service in India.
  • Receipt of honorarium or gift or for services rendered or of settlement of any lawful obligation from any person not resident in India and who is on a visit to India.
  • Receipt of honorarium or gift while on a visit to any place outside India.
  • Unspent amount of foreign exchange acquired by him from an authorised person for travel abroad.
  • Avail of chequebook facility.
  • Instant Credit against Currency Notes / Traveller Cheques received for credit.
  • Provision for nomination
  • Enjoy a limitless balance
  • Only a Current Account can be opened.
  • A minimum balance of USD 500 or equivalent is mandatory
  • Deposits can be used for all purposes permissible under Foreign Exchange Regulations for Resident Indians.

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Monthly Payment Rs. 1,977.00
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