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What are the permissible credits in ICICI Bank RFC (D) account?

foreign currency acquired through the following means can be deposited into the RFC (D) Account:

  • While on a visit to any place outside India. Payment received for services NOT arising from any business or anything done in India;
  • From any person not residing in India and who is on a visit to India, as honorarium or gift or for services rendered or in settlement of any lawful obligation;
  • Honorarium or gift while on a visit to any place outside India;
  • Unspent amount of foreign exchange acquired from an authorised person for travel abroad;
  • Gift from a close relative;
  • Earnings through export of goods / services, or as royalty, honorarium or by any other lawful means;
  • Disinvestment proceeds received by a resident account-holder on conversion of shares held to ADRs / GDRs under the Sponsored ADR / GDR Scheme approved by the Foreign Investment Promotion Board of the Government of India;
  • Earnings received as the proceeds of life insurance policy claims/maturity/surrender values settled in foreign currency from an insurance company in India permitted to undertake life insurance business by the Insurance Regulatory and Development Authority;
  • Amount received in any other manner as may be prescribed by the Reserve Bank of India.