RFC Account (Resident Foreign Currency Account)
A non-resident Indian having stayed abroad continuously for a minimum period of one year, after his return to India on or after 18/04/92 as resident may open Resident Foreign Currency Savings Bank account or Term Deposit account (within 30 / 90 days of his / her return to India) in any of the permitted currencies from the proceeds of NRE / FCNR Accounts. These funds can be repatriated for any bonafide purposes for self and dependants. The period of deposit shall range from 91 days to 2 years and minimum deposit amount is US$ 1000 or equivalent in any of the permissible currency.
NRI/Forex services