Citibank RFC Account

Hello, I want the details of the RFC account of the Citibank group. Will you please provide me?

[Pathak]

Hello, here I am providing you the details of the RFC account of the Citibank group as under:

FCNR:
FCNR deposits stands for Foreign Currency Non-Repatriable account deposits. Amount Deposits in this account can be made in any of the major currencies like US Dollar, UK Pound, Canadian Dollar, Deutsche Mark, Japanese Yen and Euro.

Indian Rupees
a) Non Resident External Account (NRE): A fully repatriable account for funds held as NRE/FCNR account with Citibank or any another bank in India.
NRE Deposit interest rates effective from 16th October 2015

b) Non Resident Ordinary Account (NRO): A partially repatriable account for funds earned from income in India or partly from income abroad.
NRO Deposit interest rates effective from 16th October 2015

Currencies
You can choose from 6 currencies:
US Dollar
British Pound
Euro
Japanese Yen
Australian Dollar
Canadian Dollar

Minimum Deposit
US$2,000 or equivalent.
INR 80,000.

Tenure of Deposit
Tenures available range from 1 year to 5 years.

Funding the Account
The account can be funded through:
Foreign Currency Remittances from overseas
Funds from any other FCNR or NRE Account in any bank in India