All categories of foreign exchange earners, such as individuals, companies, etc., who are resident/s in India, may open EEFC Accounts. However, entities in SEZ cannot open EEFC accounts, though they are eligible to open a Foreign Currency Account. 

You can get in touch with your Relationship Manager or give a missed call on 92 0548 0548.

EEFC Accounts are non-interest bearing accounts to park your foreign earnings for short terms.

Up to 100% part settlement of Inward Remittance to EEFC Account, is also possible.

It can be opened in + currencies (USD – US Dollar, EUR - Euro, JPY – Japanese Yen, GBP – British Pound, CHF – Swiss Franc, AUD – Australian Dollar, CAD – Canadian Dollar, AED – UAE Dirham, CNH – Chinese Yuan, HKD – Hong Kong Dollar, KWD – Kuwaiti Dinar, SEK – Swedish Krona, QAR – Qatari Riyal, NOK – Norwegian Kroner, SGD – Singapore Dollar, ZAR – South African Rand, SAR – Saudi Riyal, NZD – New Zealand Dollar, DKK – Danish Kroner, BHD –  Bahraini Dinar, KRW – Korean Won, OMR – Omani Rial, PLN – Poland Zloty,  THB – Thai Baht).

The documents required for opening an EEFC Account are the same as the list of documents required for opening a Current Account, as per the constitution of the entity.