We provide the following Foreign Currency Accounts as per RMA regulations.
FC I – for Individuals;
FC II – for Entities; and
FC III (accounts opened under Inward Remittance Rule and regulation 2016).
These account types are explained below.
Requirement
Savings account
Approval letter from RMA
Benefits
Facility of saving in foreign currency
You can withdraw in foreign currency while traveling abroad
No hassle of submitting documents to bank while traveling abroad