A bouquet of the finest for returned NRIs and Diplomats

This account brings the added flexibility to hold funds, denominated in multiple foreign currencies i.e. USD, GBP, JPY and others.

Earn more on your foreign currency savings, which may be parked in Savings, Current or Term Deposit accounts, denominated in foreign currency.

Enjoy full repatriation benefits throughout your life.

You may convert these funds towards opening an NRE / FCNR account if your residential status changes to Non-Resident at a later stage.

The currency may be acquired upon visit to any place abroad, received from a non-resident as an honorarium or gift, as receipt towards services rendered any services, towards the settlement of any lawful obligation.

The foreign currency also covers the unspent foreign exchange acquired from any authorised person towards travel abroad.

It is mandatory to convert the accruals into Rupees before the end of the succeeding calendar month.

Such persons may open rupee deposits with an AD Bank. Funds held in such an account if converted in rupees shall not be permitted to be converted back into foreign currency.

The account may be held in the form of current or term deposit account, or savings account.

Such accounts may be credited by way of inward remittances and from the rupee account of the diplomatic mission in India. The funds in the account may be repatriated outside India without RBI approval.