Exchange Earners Foreign Currency (EEFC) account
The EEFC account is a special type of current account aimed at exporters / individual professionals who receive eligible remittances in foreign currency as per FEMA regulations. The account is maintained in foreign currency, shielding accountholders from exchange rate fluctuations.
EEFC accountholders are required to open a current account in INR for crediting the INR leg of the transaction / converting the balance held in the EEFC account into INR as well as for paying the applicable charges.
Features & benefits
- Zero balance account, so no need to maintain any average or minimum balance in the EEFC account
- Available in four currencies: US Dollars, Japanese Yen, Pound Sterling (GBP) and EURO
- Comprehensive range of Doorstep banking services
- Wide range of trade services available at attractive rates
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To apply now:
* Terms and Conditions Apply. Subject to adherence of FEMA / RBI / Other applicable rules and regulations
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