What are the features of an ICICI Bank RFC (D) Account?
- RFC (D) is single currency account. This account can be opened in Pound Sterling (GBP), US Dollar (USD), Japanese Yen (JPY) or EURO (EUR). Deposit in multiple currencies in a single account is not permitted. You can open several accounts, one for each of the permitted currencies.
- Protects your money from valuation risks due to exchange rate fluctuations.
- No exchange charges will be levied for converting foreign currency into Indian Rupees.
- This account will be maintained in the form of a current account. No interest is payable on deposits in these accounts.
- Foreign Currency buy rate of ICICI Bank as prevailing for that currency on the day of the transaction will be applicable for converting the foreign currency into INR.
- Foreign currency withdrawals are possible in the form of cash, traveller’s cheque, foreign currency DD. Withdrawal limit will be as per RBI guidelines.
- No ceiling on deposits in the account.
- No minimum balance.
- Nomination facility.