Resident Foreign Currency (Domestic) A/Cs
UCO also offers Resident individuals in India, the facility to open non-interest bearing current account in foreign currency at the selected Indian branches as permitted by RBI. Joint accounts with a resident eligible to open RFC (D) account is permissible. Nomination facility is also permitted.
Thus UCO will provide an option to resident individuals to retain their receipts from abroad in foreign currency as permitted by RBI.