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Can the proceeds of NRE / FCNR a/cs be credited to RFC a/cs by premature closure?

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Can the proceeds of NRE / FCNR a/cs be credited to RFC a/cs by premature closure?

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A24. Yes. No penalty for premature closure will be levied, for credit to RFC a/cs. However, the deposit so closed will earn interest at the rate applicable for the period for which it has run.

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Yes. No penalty for premature closure will be levied, for credit to RFC a/cs. However, the deposit so closed will earn interest at the rate applicable for the period for which it has run.

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