Understanding FCNR, RFC, and EEFC Accounts: A Simple Guide for NRIs and Returning Indians
Now we are familiar with NRE and NRO accounts, there are three more types of foreign currency accounts worth knowing – FCNR, RFC, and EEFC. These accounts are designed to meet different needs based on whether you’re: Let’s break down each one in simple terms. 1. FCNR (B) Account – for NRIs An FCNR (B) […]