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Indian Bank Resident Foreign Currency () Account

Foreign-currency account for returning Indians, accepting eligible overseas assets, / transfers, foreign-currency notes, travellers cheques, pension and inheritance in seven published currencies.

Account typeSeafarer NRE savings; foreign-student NRO savings; returning-Indian RFC foreign-currency account; or SNRR business account, as named by each official page.Interest rateSNRR is explicitly non-interest-bearing. The foreign-student NRO, RFC and Seafarer NRE savings rates are governed by the applicable Indian Bank schedule; no separate numeric rate appears on the reviewed product page.Minimum balanceSeafarer: AMB ₹2,00,000, or ₹1,00,000 plus ₹10 lakh TD, or ₹50,000 plus ₹25 lakh TD. Foreign-student, RFC and SNRR minimum balances are not stated on the reviewed product pages.
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Quick eligibility check

Indian Bank Resident Foreign Currency () Account

0 of 6 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Do you meet this requirement: Seafarer: Indian-national foreign-shipping seafarer?

Published source: Residency eligibility

2Are you this type of customer: Foreign student: foreign national studying in India, with Pakistan nationals requiring RBI approval?

Published source: Residency eligibility

3Are you this type of customer: RFC: Indian previously non-resident and now returning permanently?

Published source: Residency eligibility

4Are you this type of customer: SNRR: person resident outside India with bona fide India business interest?

Published source: Residency eligibility

5Are you this type of customer: Only returning Indians who were previously non-resident and are now returning for permanent stay may open the account?

6Document checkDo you have this required document or proof: RFC account form, passport and residency-status evidence, KYC, source-of-funds/asset documents and PAN/Form 60?

0 of 6 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 31 Aug 2026 · active
Offered byIndian Bank

India

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Account typeSeafarer NRE savings; foreign-student NRO savings; returning-Indian RFC foreign-currency account; or SNRR business account, as named by each official page.View source
The catalogue lists Seafarer , foreign students, and SNRR accounts.
Source
Indian Bank and Forex catalogue
Page / section
Accounts list
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
CurrencySeafarer and foreign-student accounts are INR NRE/NRO accounts; RFC is held in USD, GBP, SGD, EUR, AUD, CAD, JPY or CHF; SNRR is INR.View source
The official pages publish the account currency and currency list.
Source
and account pages
Page / section
Currency/type rows
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Minimum balanceSeafarer: AMB ₹2,00,000, or ₹1,00,000 plus ₹10 lakh TD, or ₹50,000 plus ₹25 lakh TD. Foreign-student, RFC and SNRR minimum balances are not stated on the reviewed product pages.View source
The seafarer page publishes all three /term-deposit options; the other account pages do not state a minimum.
Source
IB Seafarer Account
Page / section
Criteria/fund stipulation
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Interest rateSNRR is explicitly non-interest-bearing. The foreign-student NRO, RFC and Seafarer NRE savings rates are governed by the applicable Indian Bank schedule; no separate numeric rate appears on the reviewed product page.View source
SNRR is labelled non-interest bearing; other account pages provide features but no separate rate.
Source
SNRR and account pages
Page / section
Account type / rate review
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
RepatriationSNRR balances are repatriable; RFC holds foreign currency for returning residents; Seafarer NRE follows NRE repatriation rules; foreign-student NRO is for local study/personal expenses and does not publish a separate outward-repatriation facility.View source
SNRR is expressly repatriable; each other page describes its permitted use and account regime.
Source
account pages
Page / section
Repatriability and permitted-use rows
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Residency eligibilitySeafarer: Indian-national foreign-shipping seafarer. Foreign student: foreign national studying in India, with Pakistan nationals requiring RBI approval. RFC: Indian previously non-resident and now returning permanently. SNRR: person resident outside India with bona fide India business interest.View source
The official pages state each account's target customer and residency rule.
Source
Indian Bank catalogue and account pages
Page / section
Eligibility
Accessed
31 Aug 2026
Confidence
high
Open official source ↗

Benefits and features

  • Balances held in foreign currency rather than
  • Accepted currencies: , , SGD, , , , and CHF
  • Credit from / funds, foreign-currency notes/travellers cheques, overseas assets, pension or superannuation and eligible gifts/inheritance

Eligibility

  • Only returning Indians who were previously non-resident and are now returning for permanent stay may open the account; / and rules apply.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

  • account form, passport and residency-status evidence, , source-of-funds/asset documents and /Form 60

Related official documents

Policy on Deposits 2025–26 — NRI deposit schemesofficial-pdf · current · accessed 31 Aug 2026
↗
Resident Foreign Currency Account for Returning Indiansofficial-product-page · current · accessed 31 Aug 2026
↗

Plan before applying

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Account interest estimate

See roughly how much interest a steady account balance could earn over the period you choose.

Interest you may earn₹2,700two thousand seven hundred rupees
Balance including interest₹1,02,700one lakh two thousand seven hundred rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

Use the published table

Find the exact published value

Choose a table, then pick its row and column. This shows the exact entry published by the bank or insurer without making you scan every cell.

IB Seafarer · Currency / type savings;

This value is copied from Indian Bank remaining and foreign-currency products — published terms. Check the table notes before relying on it.

Source: Indian Bank and Forex Services · Accounts, term deposits, Special (B), and IND Rupee Gain pages Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 7 rows · 6 columnsIndian Bank remaining NRI and foreign-currency products — published termsView tableHide table

Scroll sideways to view every column

Indian Bank remaining NRI and foreign-currency products — published terms
ProductCurrency / typeBalance or minimumTenure / rateRepatriation / withdrawalEligibility
IB Seafarer savings; ₹2,00,000 or ₹1,00,000 + ₹10 lakh or ₹50,000 + ₹25 lakh savings schedule; open-ended treatment; RuPay Select limits, lounge and insuranceIndian-national foreign-shipping seafarers
Foreign Students savings; Temporary ₹87,000 total credit and ₹50,000 withdrawal until local address proof savings schedule; open-endedLocal study/personal expenses; no business/investment; no joint or Foreign students in India; Pakistan approval required
Foreign-currency accountMinimum not publishedOpen-ended accountForeign assets and eligible pension/gifts credited; useReturning Indians
SNRRNon-interest-bearing; Minimum not publishedContract/business tenure; normally ≤7 yearsRepatriable; business-specific debits/creditsNon-resident with bona fide India business
(B)/MMD; //////CHF/SGDNo minimum or maximum stated1–5 years; current schedulePrincipal/interest same currency; tax-free; loan subject /
Special (B)Amount slabs up to USD 1m, USD 1–3m and above USD 3m3–<4, 4–<5 or 5 years; 6.00%–6.50% top slab; 1-year lock-inPublished post-lock-in rates; loan/ per norms; available to 30 Sep 2026Eligible (B) customer
IND Rupee Gain + forward contract; selected foreign currencyMinimum USD 10,000 or equivalentTenor follows rate and forward premiumMaturity converted to in ; freely repatriable and tax-free with eligible funds or fresh remittance
Indian Bank and Forex Services · Accounts, term deposits, Special (B), and IND Rupee Gain pages · accessed 31 Aug 2026Open official source ↗

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