IndiaBanks.org · independent research

accounts

Domestic Account GCO for Resident Indians

domestic account is best for using foreign exchange acquired by abroad visit, honorarium/gift etc. with added benefits such as instant credit facility, limitless balance etc. Open a domestic account now!

Account typeResident Foreign Currency domestic current account for foreign exchange acquired by resident Indians through permitted travel, gifts, honorarium or lawful foreign-exchange transactions.Minimum balanceUSD 500 or equivalent.RepatriationForeign currency balances in the RFC domestic account may be retained and remitted under the applicable FEMA/RBI RFC rules; the product page does not publish a separate product-specific cap.
Official product page ↗Compare category

Quick eligibility check

Domestic Account GCO for Resident Indians

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.

1Are you this type of customer: Resident Indian individuals using foreign exchange acquired through permitted personal or lawful sources?

Published source: Residency eligibility

2Do you meet this requirement: only a current account can be opened?

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 domestic current account for foreign exchange acquired by resident Indians through permitted travel, gifts, honorarium or lawful foreign-exchange transactions.View source
The official overview lists the permitted sources of foreign exchange for the domestic account.
Source
Domestic Account GCO for Resident Indians
Page / section
Overview / Benefits
Accessed
22 Aug 2026
Confidence
high
Open official source ↗
CurrencyForeign currency account; the page specifies a USD 500 or equivalent minimum balance.View source
The official states that a minimum balance of USD 500 or equivalent is mandatory.
Source
Domestic Account GCO for Resident Indians
Page / section
Accessed
22 Aug 2026
Confidence
high
Open official source ↗
Minimum balanceUSD 500 or equivalent.View source
The official publishes the mandatory USD 500-equivalent minimum balance.
Source
Domestic Account GCO for Resident Indians
Page / section
— Minimum balance
Accessed
22 Aug 2026
Confidence
high
Open official source ↗
Residency eligibilityResident Indian individuals using foreign exchange acquired through permitted personal or lawful sources; only a current account can be opened.View source
The official states that only a current account can be opened and foreign exchange must be used for purposes permitted under regulations.
Source
Domestic Account GCO for Resident Indians
Page / section
— Account type / Permitted use
Accessed
22 Aug 2026
Confidence
high
Open official source ↗
RepatriationForeign currency balances in the RFC domestic account may be retained and remitted under the applicable FEMA/RBI RFC rules; the product page does not publish a separate product-specific cap.View source
The official page describes a resident account and permitted foreign-exchange sources; it does not state a separate cap.
Source
Domestic Account GCO for Resident Indians
Page / section
Eligibility / permitted foreign exchange
Accessed
29 Aug 2026
Confidence
high
Open official source ↗

Eligibility

  • Resident Indian individuals using foreign exchange acquired through permitted personal or lawful sources
  • only a current account can be opened.

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

Related official documents

Bank of Baroda NRI account product pages and deposit termsofficial-product-pages · current · accessed 29 Aug 2026
↗

Plan before applying

Try the numbers

Private, instant and based on the values you enter.

Try your numbers

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.

More from Bank of Baroda

Related products

Baroda Advantage Fixed Deposits NRO-Non Callable

Get differential rate of interest over normal fixed deposit rate by investing in Baroda Advantage Fixed Deposits -Non Callable. Visit us online to know more!

View product

Baroda NRE Salary Savings Account

Baroda Salary Savings Account

View product

Baroda Power Pack NRE Savings Account

Explore Bank of Baroda

View product

bob Aspire NRE Savings Account

An savings account for eligible Indian passport holders living abroad, with tax treatment stated as exempt, a customized debit card with airport lounge access, ₹10,000 after the first two quarters and a 60-day overseas-address proof requirement.

View product