RFC Saving Account - Documentation

The HDFC Bank RFC Savings Account is designed for returning NRIs to hold their foreign earnings in a freely convertible foreign currency, thereby avoiding exchange rate risks. It allows for the retention of funds in the currency earned and offers the convenience of withdrawing cash in Indian Rupees.

Documents to get you started

  • Photocopy of the pages containing passport details and personal details of all applicants
  • Copy of Permanent Account Number (PAN) / Form 60 (in absence of PAN)
  • Copy of valid visa and immigration stamps showing evidence of foreign stay for at least 1 year
  • Passport-size photograph
  • RFC declaration form

Your queries answered here

The number of documents required for an RFC Savings Account is five. An RFC (Resident Foreign Currency) account is a special bank account that allows resident Indians, including returning Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs), to hold and transact in foreign currencies.

Some of the common RFC Savings account documents you will need are:

  • A copy of the pages of current passports showing the personal details of all applicants.

  • Copy of Permanent Account Number (PAN) or Form 60 (if PAN is not available).

  • A copy of a valid visa and immigration stamps demonstrating at least a year of foreign residency.

  • RFC declaration form.

  • Passport-size photograph.