RFC FD Interest Rates (as on 26 May 2024)

RFC account full form is Resident Foreign Currency Account. For an NRI who is coming back to India, an RFC account can be helpful for him to deposit his foreign earnings and to manage foreign earned income easily. Most of the major banks in India offer facility of RFC account like RFC Account SBI, RFC Account in Axis Bank, etc. An RFC account can be opened as current accout, savings account or fixed deposit account.

With an RFC account, you get the freedom to keep your foreign earned currency and then convert it to INR and transfer to your Indian rupee account whenever you want.

RFC Account Eligibility

RFC Account Eligibility criteria is mentioned below,

  • NRI who has returned to India on or after 18th April, 1992.
  • Resident outside India for a continuous period of not less than 1 year prior to his return.
  • Who have permanently settled in India since returned from overseas

RFC accounts can be opened as current account, savings account or term deposit account. A person resident in India can open an RFC account with following moneys,

  • Foreign exchange received as pension or other monetary benefits from his employer outside India
  • Foreign exchange received as proceeds of assets being foreign currency, foreign security or any 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
  • Foreign exchange received as gift or inheritance from a person who was resident outside India
  • Foreign exchange acquired before the July 8, 1947
  • Balances in NRE/ FCNR (B) accounts on change in residential status
  • Foreign exchange received as earnings of LIC claims/ maturity/ surrendered value settled in forex from an Indian insurance company

Bank RFC FD deposit Interest Rates (as on 26 May 2024). The RFC FD interest rates on currency like USD, GBP, EUR ,AUD, CAD, YEN. RFC Fixed deposit depend on which category for example 1 year, 2 year, 3 year ... 5+ year, you fall under and your choice between different banks. To see all fixed deposit interest rates for selected bank, click on "All FD Rates" button listed below.

provides different services to its customers some of them are Home loan,Personal loan,Car loan,Two Wheeler loan, Gold loan. You can get IFSC Code,MICR Code, Swift Code for NEFT, RTGF fund transfer.

RFC FD Interest Rates (as on 26 May 2024)

Allahabad BankAndhra Bank
Bank Of BarodaBank Of India
Bank Of MaharashtraCanara Bank
Central Bank Of IndiaCorporation Bank
Dena BankIdbi Bank
Indian BankIndian Overseas Bank
Oriental Bank Of CommercePunjab National Bank
Punjab And Sind BankState Bank Of India
State Bank Of MysoreState Bank Of Hyderabad
State Bank Of PatialaState Bank Of Travancore
State Bank Of Bikaner And JaipurSyndicate Bank
Uco BankUnion Bank Of India
United Bank Of IndiaVijaya Bank
Axis BankCatholic Syrian Bank
City Union BankDhanalakshmi Bank
Federal BankHdfc Bank
Icici BankIndusind Bank
Jammu And Kashmir BankKarnataka Bank
Karur Vysya BankLaxmi Vilas Bank
South Indian BankYes Bank
Disclaimer: The RFC FD Deposit Interest Rates keep on changing. You are advised to check the interest rates with banks before making your FD.     Source: Bank Websites