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What are the features of an ICICI Bank RFC (D) Account?

April 26, 2017account Bank features ICICI rfc

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What are the features of an ICICI Bank RFC (D) Account?

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• 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.