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NRI accounts?

accounts NRI
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NRI accounts?

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RFC accounts can be opened by transfer of balances in FCNR deposits with banks in India. This also includes the maturity proceeds of the Resurgent India Bonds (RIBs). The account cannot be opened with funds from an NRE Savings Account. However, once the RFC account is opened with eligible funds as above, the balances in the NRE Savings Account of the depositor can be transferred into the RFC account.

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