| 10th October 2016 12:43 PM | |
| shikha | Re: RFC Account SBI Transfer from balances held in NRE / FCNR (B) accounts upon arrival in India. Existing FCNR (B) time deposits can be closed prematurely or can be converted into RFC account or can be held till maturity.. Fresh remittances from overseas through banking channel (upon realization of sales proceeds of assets or income earned) Types of RFC Accounts: Term Deposits (TDR) - Interest is paid at a frequency of 180 days from date of Term Deposit Foreign Currency deposits of fixed tenure Minimum Deposit of USD 1000, GBP 1000 or EURO 1000 Principal & interest amount are fully repatriable Nomination facility available Premature withdrawal allowed Automatic renewal on maturity for the same period but at the then prevailing rate of interest. Account Types Permissible: Term Deposit Special Term Deposit Interest Rates : PERIOD USD GBP EURO 1 year to less than 2 years 1.71 1.08 0.15 2 years to less than 3 years 2.06 1.44 0.30 3 years 2.11 1.45 0.30 Procedure to Open a RFC Account State Bank of India :       |
| 10th October 2016 12:20 PM | |
| Unregistered | RFC Account SBI Hii Buddy , I want to Open Resident Foreign Currency (RFC) Account in State Bank of India , Here Will you plz give me Required Eligibility and Interest Rates , Would you please give me Details ? |
