Foreign Currency Account for Resident Indians under Liberalized Remittance Scheme

RBL Bank offers a unique product proposition to Resident Indians through our IFSC Banking Unit (IBU) at GIFT City located in Gandhinagar, Gujarat. These are foreign currency accounts available in major foreign currencies for Resident Indians under the Liberalized Remittance Scheme (LRS), allowing remittance of up to USD 2,50,000.00 per financial year for permissible transactions.

Global Advantage FCY Savings Account

RBL Bank’s IBU at GIFT City offers foreign Currency Saving Account designed for Resident Indians under Liberalized Remittance Scheme. Here are the key features and benefits of these accounts:

Key Features & Benefits:

• Invest and transact funds to your GIFT City FCY Savings Account within permissible LRS purposes

• Attractive Interest Rates

• No minimum balance requirement

• Available in Multiple Foreign Currencies – USD, GBP, EUR, JPY, AED & AUD

• Easy cross-border transactions

• Access to Global Financial Products

Note: Fixed Deposits under Global Advantage FCY Saving Account are not allowed.

View current interest rates for Saving Account here.

For further information, please contact your Relationship Manager/Branch.

Disclaimer*: Any foreign exchange remitted into a GIFT City Foreign Currency Account (Global Advantage FCY Saving Account) by a resident individual under LRS if not utilised or reinvested within 180 days will be repatriated to their domestic bank account, in accordance with applicable FEMA and RBI guidelines.