What are the permissible credits to RFC account?
The following amounts can be credited to an RFC account: a) Received as pension or any other superannuation or other monetary benefits from his employer outside India; or b) Realized on conversion of the foreign assets including foreign security or immovable property situated outside India if such currency, security or property was acquired, held or owned by such person when he was resident outside India. Or, and repatriated to India; or c) Received or acquired as gift or inheritance from a person resident outside India and proceeds have been repatriated to India; or d) Acquired or received before the 8th day of July 1947 or any income arising or accruing thereon which is held outside India by any person in pursuance of a general or special permission granted by the Reserve Bank; or e) Held by a person resident in India up to such limit as the Reserve Bank may specify, if such foreign exchange was acquired by way of gift or inheritance from a person who had acquired the foreign exchang
