What's in it for you?

  • Manage foreign currency in India (USD, GBP, EURO and YEN)

  • Flexibility to convert foreign currency into INR for your everyday expenses

  • Repatriate funds overseas with ease

Account Features

  • Balance requirement

    There is no minimum balance requirement

  • Digital access

    View access in Retail Internet Banking

  • Conversion of funds to INR

    Seamless transfer of funds in INR to Resident Salary Account

  • Cash withdrawal and deposits

    Cash withdrawal and deposits are restricted in the RFCCD account

About Resident Foreign Currency Current Account for Diplomats (RFCCD)

No minimum balance

Resident Foreign Currency Current Account for Diplomats (RFCCD) is a current account with no minimum balance requirement.

Debit Card & Cheque Book

Debit Card and Cheque Book will not be provided with Resident Foreign Currency Current Account for Diplomats (RFCCD). 

Digital Banking

Track your funds conveniently on Retail Internet Banking.

Residential Foreign Currency Account for Diplomats (RFCCD) FAQs

Is an RFCCD account exclusive to foreign diplomats?

Yes, the Resident Foreign Currency Current Account is meant only for diplomatic personnels and non-diplomatic staff with official passport of foreign embassy. The account can be opened by diplomats staying in India for more than 182 days.

RFCCD account is not allowed for Diplomats of Nepal and Bhutan.

Is there a minimum balance requirement for RFCCD account? Will I earn interest on the RFCCD balance?

RFCCD is a current account with no minimum balance requirement. No interest earned on account balance in the account.

Which currencies can I hold in an RFCCD account?

USD, GBP, EURO and YEN are allowed in RFCCD.

What are the permissible debits and credits for RFCCD account?

RFCCD Account can be debited for transfer of funds in INR to Resident Salary Account and remitting money abroad (as per RBI and FEMA guidelines and applicable charges).

Cash deposits and debits from RFCCD account either through branch or through ATM is not allowed.

Funds received through Inward remittance are the only permissible credit in RFCCD Account. You may convert foreign currency balance in RFCCD to INR and have the same credited in your salary account for daily expenses. However, once converted, the funds cannot be re-converted back into foreign currency.

What happens to my RFCCD if I leave India?

While leaving India on completion of tenure, you can close the RFCCD Account & the available balance can be repatriated abroad.

What is the eligibility to open Resident Foreign Currency Account ?

1) Diplomatic personnel and non-diplomatic staff who are the nationals of the concerned foreign countries and hold official passport of foreign embassies.

2) Mandatory to hold a salary Account with ICICI Bank.

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