Introduction
Experience the convenience of the HDFC Bank RFC Savings Account, tailored for NRIs returning to India. Learn about the simple eligibility criteria and begin managing your foreign income with ease.
RFC Savings Account Eligibility
You are an NRI who returned to India on or after 18th April 1992.
You resided outside India for a continuous period of at least one year before returning to India.
You have been permanently residing and settled in India since your return.
HDFC Bank’s RFC Savings Account can only be held in foreign currencies such as USD, GBP, Euro, or Japanese Yen. Funds in this account cannot be held in Indian Rupees. Additionally, when you regain NRI status, you can transfer the funds to NRI accounts.
To qualify for an HDFC Bank RFC Savings Account as a returning NRI, you need to meet the following criteria:
Status: Be a returning NRI who has moved back to India permanently.
Documents: Provide proof of your NRI status during your stay abroad, proof of your return to India, and valid identification proof documents.
KYC Compliance: Complete the Know Your Customer (KYC) requirements as per bank norms.
Head to the nearest HDFC Bank branch or visit our website for detailed procedures and documentation requirements.
To learn about the minimum balance requirement, contact our executives either by visiting a nearby HDFC Bank branch or over the call.