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 typeNon-interest-bearing current accountView source
expressly identifies (Domestic) as a current account that pays no interest.
- Source
- Resident Foreign Currency (Domestic) Account
- Page / section
- Features
- Accessed
- 12 Aug 2026
- Confidence
- high
Eligibility and holding patternA resident Indian may open the account singly or jointly with another person resident in IndiaView source
The eligibility tab permits a person to open singly or jointly with another Indian resident.
- Source
- Resident Foreign Currency (Domestic) Account
- Page / section
- Eligibility
- Accessed
- 12 Aug 2026
- Confidence
- high
Supported currenciesUS dollar (USD), pound sterling (GBP), and euro (EUR)View source
The account page lists only , and EURO.
- Source
- Resident Foreign Currency (Domestic) Account
- Page / section
- Product introduction
- Accessed
- 12 Aug 2026
- Confidence
- high
Minimum balanceUSD 500, GBP 250, or EUR 500, according to the account currencyView source
publishes a separate minimum balance for each of the three supported currencies.
- Source
- Resident Foreign Currency (Domestic) Account
- Page / section
- Features
- Accessed
- 12 Aug 2026
- Confidence
- high
Cheque and card accessNo cheque book or ATM cardView source
The Features tab states that neither a cheque book nor an card is provided.
- Source
- Resident Foreign Currency (Domestic) Account
- Page / section
- Features
- Accessed
- 12 Aug 2026
- Confidence
- high
RepatriabilityAccount balance is freely repatriableView source
describes the balance as freely repatriable.
- Source
- Resident Foreign Currency (Domestic) Account
- Page / section
- Features
- Accessed
- 12 Aug 2026
- Confidence
- high
Monthly rupee conversionTotal monthly credits less amounts used must be converted into Indian rupees by the last working day of the following calendar month, after forward-commitment adjustmentsView source
The page calls this conversion or crystallisation an -guideline condition.
- Source
- Resident Foreign Currency (Domestic) Account
- Page / section
- Terms And Conditions — Special Condition
- Accessed
- 12 Aug 2026
- Confidence
- high
Permissible creditsSpecified foreign-currency receipts including eligible overseas services, honoraria, gifts, lawful obligations, unspent travel exchange, certain ADR/GDR disinvestment proceeds, and eligible foreign-currency life-insurance proceedsView source
This is a condensed index of the page's listed credit categories; each remains subject to the stated circumstances and rules.
- Source
- Resident Foreign Currency (Domestic) Account
- Page / section
- Terms And Conditions — Permissible Credits
- Accessed
- 12 Aug 2026
- Confidence
- high
Permissible withdrawalsListed current-account uses such as travel, gifts, employment, emigration, overseas maintenance, medical care and studies, plus specified FEMA-permitted capital-account transactionsView source
The page lists current-account purposes and certain capital-account uses, including an overseas bank account, property, investments, qualifying ventures and loans to qualifying relatives.
- Source
- Resident Foreign Currency (Domestic) Account
- Page / section
- Terms And Conditions — Permissible Withdrawals
- Accessed
- 12 Aug 2026
- Confidence
- high
Salary requirementNot applicable: SBI describes this record as a savings, MACT or resident-foreign-currency account rather than a salary-package account; no salary-credit threshold applies to the product type.View source
personal catalogue identifies these products by savings/deposit or resident-FC account type, not as salary packages; salary-package variants are listed separately in the catalogue.
- Source
- personal savings and deposit account catalogue
- Page / section
- Savings Accounts, account and Resident Foreign Currency (Domestic) Account
- Accessed
- 29 Aug 2026
- Confidence
- high
Cheque bookNo cheque book is provided.View source
The Features section explicitly states: ‘No cheque book or card.’
- Source
- Resident Foreign Currency (Domestic) Account
- Page / section
- Features
- Accessed
- 29 Aug 2026
- Confidence
- high
Interest rateA non-interest-bearing foreign-currency current account for resident Indians to retain eligible receipts temporarily in US dollars, pounds sterling, or euros.View source
The manually reviewed product name/benefits state: “A non-interest-bearing foreign-currency current account for resident Indians to retain eligible receipts temporarily in dollars, pounds sterling, or euros.”.
- Source
- Resident Foreign Currency (Domestic) Account — official product page
- Page / section
- Published account type and access benefits
- Accessed
- 12 Aug 2026
- Confidence
- high
Benefits and features
- Retains eligible foreign-currency receipts in , or
- Balance is described as freely repatriable
- Supports specified current-account and capital-account uses under the published conditions
Eligibility
- The account is only for persons resident in India and may be held singly or jointly with another resident.
- It earns no interest and provides neither a cheque book nor an card.
- Net monthly credits are subject to the published next-month rupee-crystallisation deadline.
- Each receipt and withdrawal must fit the page's eligible category and applicable or rules.
Passing a listed condition does not mean the bank will approve an application.
Related official documents
SBI personal savings and deposit account catalogueofficial-product-catalogue · current · accessed 29 Aug 2026
↗SBI Resident Foreign Currency (Domestic) Account pageofficial-product-page · current · accessed 29 Aug 2026
↗SBI Resident Foreign Currency (Domestic) Accountofficial-product-page · current · accessed 29 Aug 2026
↗SBI Resident Foreign Currency (Domestic) Accountofficial-product-page · current · accessed 29 Aug 2026
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