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Resident Foreign Currency A/C - for returning to India for settling in India

account by Bank of Baroda is most suitable for returning to India wherein all existing repatriable accounts will be maintained in dollars denominations. Open a Resident foreign currency account now!

Account typeResident Foreign Currency account for NRIs returning to India with intent to settle permanently; deposits are held in foreign currency term deposits.Interest rateFor RFC term deposits of 12–60 months, Bank of Baroda applies the current FCNR(B) rates. Effective 13 July 2026: USD 5.00% for 1–2 years, 3.55% for 2–3 years, 3.35% for 3–4 years, 2.95% for 4–5 years and 3.05% for 5 years; GBP 4.25%, 2.35%, 2.45%, 2.45%, 2.45%; EUR 2.75%, 1.50%, 1.50%, 1.50%, 1.50%; AUD 3.75%, 3.50%, 3.00%, 3.00%, 3.00%; CAD 3.25%, 3.00%, 2.75%, 2.80%, 2.85% for the same maturity bands.Minimum balanceMinimum balance of USD 500 or equivalent is mandatory for the Resident Foreign Currency account for NRIs returning to India to settle permanently.
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Quick eligibility check

Resident Foreign Currency A/C - for returning to India for settling in India

0 of 2 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: NRIs returning to India and settling in India?

Published source: Residency eligibility

2Do you meet this requirement: qualifying RNOR customers may claim the stated tax treatment for RFC interest?

Published source: Residency eligibility
0 of 2 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 30 Aug 2026 · active
Offered byBank of Baroda

India; eligibility, branch and channel availability follow the official product terms

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 typeResident Foreign Currency account for NRIs returning to India with intent to settle permanently; deposits are held in foreign currency term deposits.View source
The official page describes deposits for returning and lists the foreign-currency denominations.
Source
Resident Foreign Currency A/C — for returning to India
Page / section
Overview / Benefits
Accessed
22 Aug 2026
Confidence
high
Open official source ↗
CurrencyUSD, GBP, EUR or AUD denominations.View source
The official overview lists the four denominations.
Source
Resident Foreign Currency A/C — for returning to India
Page / section
Overview
Accessed
22 Aug 2026
Confidence
high
Open official source ↗
Tenure12 to 60 months; no interest is paid on premature payment before 12 months.View source
The official states a 12–60 month term and no premature interest before 12 months.
Source
Resident Foreign Currency A/C — for returning to India
Page / section
— Period / Interest
Accessed
22 Aug 2026
Confidence
high
Open official source ↗
RepatriationFunds are freely repatriable for bona-fide purposes without RBI permission; funds may be drawn in INR and re-designated as FCNR/NRE if the customer goes abroad again.View source
The official benefits section states free repatriation, local withdrawals and re-designation options.
Source
Resident Foreign Currency A/C — for returning to India
Page / section
Benefits
Accessed
22 Aug 2026
Confidence
high
Open official source ↗
Residency eligibilityNRIs returning to India and settling in India; qualifying RNOR customers may claim the stated tax treatment for RFC interest.View source
The official overview and describe returning- eligibility and the RNOR note.
Source
Resident Foreign Currency A/C — for returning to India
Page / section
Overview /
Accessed
22 Aug 2026
Confidence
high
Open official source ↗
Minimum balanceMinimum balance of USD 500 or equivalent is mandatory for the Resident Foreign Currency account for NRIs returning to India to settle permanently.View source
The current account catalogue states that a minimum balance of USD 500 or equivalent is mandatory for the Resident Foreign Currency account.
Source
Open Account Online — Bank of Baroda
Page / section
Resident Foreign Currency A/C — for returning to India for settling in India
Accessed
8 Sept 2026
Confidence
high
Open official source ↗
Interest rateFor RFC term deposits of 12–60 months, Bank of Baroda applies the current FCNR(B) rates. Effective 13 July 2026: USD 5.00% for 1–2 years, 3.55% for 2–3 years, 3.35% for 3–4 years, 2.95% for 4–5 years and 3.05% for 5 years; GBP 4.25%, 2.35%, 2.45%, 2.45%, 2.45%; EUR 2.75%, 1.50%, 1.50%, 1.50%, 1.50%; AUD 3.75%, 3.50%, 3.00%, 3.00%, 3.00%; CAD 3.25%, 3.00%, 2.75%, 2.80%, 2.85% for the same maturity bands.Effective 13 Jul 2026View source
The page states that deposits from 12 to 60 months use the same interest rates as deposits. The linked current (B) schedule publishes each currency row and maturity band shown above.
Source
Foreign Currency Non-Resident (-B) deposit interest rates
Page / section
(B) deposits — maturity and currency rate table
Accessed
8 Sept 2026
Confidence
high
Open official source ↗

Eligibility

  • returning to India and settling in India
  • qualifying RNOR customers may claim the stated tax treatment for interest.

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

Related official documents

Foreign Currency Non-resident (FCNR-B) deposit interest ratesofficial-rate-schedule · current; deposit yields only, not the borrower loan rate · accessed 23 Sept 2026
↗
Bank of Baroda NRI Accounts catalogue — Resident Foreign Currency Accountofficial-product-catalogue · current · accessed 8 Sept 2026
↗
Bank of Baroda NRI account product pages and deposit termsofficial-product-pages · current · accessed 29 Aug 2026
↗
Resident Foreign Currency Account — official pageofficial-product-page · current · accessed 8 Sept 2026
↗

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Account interest estimate

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Interest you may earn₹5,000five thousand rupees
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1 year and above but less than 2 years · 5.00%

This value is copied from term-deposit rates linked to (B). Check the table notes before relying on it.

Source: Foreign Currency Non-Resident (-B) deposit interest rates · (B) deposits — maturity and currency rate table Open official source ↗

Published tables

Complete rates, limits and schedules

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

Table 1 · 5 rows · 6 columnsRFC term-deposit rates linked to FCNR(B)Current rates applicable to RFC deposits through the RFC page’s FCNR(B) linkage.View tableHide table

Scroll sideways to view every column

RFC term-deposit rates linked to FCNR(B)
Maturity
1 year and above but less than 2 years5.00%4.25%2.75%3.75%3.25%
2 years and above but less than 3 years3.55%2.35%1.50%3.50%3.00%
3 years and above but less than 4 years3.35%2.45%1.50%3.00%2.75%
4 years and above but less than 5 years2.95%2.45%1.50%3.00%2.80%
5 years only3.05%2.45%1.50%3.00%2.85%
  • Rates are effective 13 July 2026 and subject to Bank of Baroda’s current rate-change terms. deposits run from 12 to 60 months; premature payment before 12 months earns no interest.
Foreign Currency Non-Resident (-B) deposit interest rates · (B) deposits — maturity and currency rate table · effective 13 Jul 2026 · accessed 8 Sept 2026Open official source ↗

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