What are the permissible credits in ICICI Bank RFC (D) account?
The foreign currency acquired through the following means can be deposited into the RFC (D) Account: • While on a visit to any place outside India. Payment received for services NOT arising from any business or anything done in India; • From any person not residing in India and who is on a visit to India, as honorarium or gift or for services rendered or in settlement of any lawful obligation; • Honorarium or gift while on a visit to any place outside India; • Unspent amount of foreign exchange acquired from an authorized person for travel abroad; • Gift from a close relative; • Earnings through export of goods / services, or as royalty, honorarium or by any other lawful means; • Disinvestment proceeds received by a resident account-holder on conversion of shares held to ADRs / GDRs under the Sponsored ADR / GDR Scheme approved by the Foreign Investment Promotion Board of the Government of India; • Earnings received as the proceeds of life insurance policy claims/maturity/surrender val
