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The RFC accounts offer the best solution for NRI’s returning to India. These accounts allow you to hold foreign currency even on your return.
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You have the option of maintaining the RFC accounts in the form of a Savings or a Term Deposit Account.
RFC Savings Account
Standard Chartered Bank’s RFC Savings account is ideal for NRI’s like you, if you have returned to India and need an account to maintain your funds in foreign currency.
> Currency options: USD, GBP EUR, CAD & AUD.
> You can remit funds in any convertible currency; the funds will be converted to the above currencies based on your choice.
> Balances & Interest earned is fully repatriable*
 
RFC Fixed Deposit
Standard Chartered Bank’s RFC Fixed Deposit helps returning NRI’s like you to earn attractive interest rates on funds held in foreign currency.
> Currency options: USD, GBP & EUR, CAD & AUD.
> You can remit funds in any convertible currency; the funds will be converted to the above currencies based on your choice.
> Tenures ranging from 1 to 3 years depending on the currency of deposit.
> Principal & Interest earned is fully repatriable*
 
Contact your nearest branch for more details.
 
*Conditions Apply
 

 
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