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Resident Foreign Currency (Domestic) Account - for Resident Indians

This deposit plan is ideal for utilising foreign exchange acquired on account of

  • A visit to any place outside India by way of payment for services not arising from any business or similar service in India.

  • Receipt of honorarium or gift or for services rendered or of settlement of any lawful obligation from any person not resident in India and who is on a visit to India.

  • Receipt of honorarium or gift while on a visit to any place outside India.

  • Unspent amount of foreign exchange acquired by him from an authorised person for travel abroad.

Key Benefits

  • Avail of chequebook facility.

  • Instant Credit against Currency Notes / Traveller Cheques received for credit.

  • Provision for nomination

  • Enjoy a limitless balance

Terms & Conditions

  • Only a Current Account can be opened.

  • A minimum balance of USD 500 or equivalent is mandatory

  • Deposits can be used for all purposes permissible under Foreign Exchange Regulations for Resident Indians.

For further details, please contact the Bank of Baroda Branch nearest to you.

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