NRI ACCOUNTS - PART 4 RFC ACCOUNTS

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NRI Money Clinic
Published at : 08 Dec 2020
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RFC ACCOUNTS

Account Currency

Different Foreign Currencies

USD /GBP/EURO/ etc

RFC ACCOUNTS

Who Can Open An Account?

NRIs When They Become Resident
PIO & OCI If They Come Back To Settle In India

RFC ACCOUNTS

Joint Accounts

Jointly With Two NRIs If Both Have Become Resident

RFC ACCOUNTS

Type Of Accounts

Savings Bank & Term Deposit

RFC ACCOUNTS

Period For Fixed Deposits
Maximum Term Of 36 Months


RFC ACCOUNTS

Permissible Credits


Transfer From NRE/FCNR Accounts


RFC ACCOUNTS

Permissible Debits

All Local payments

Investments in India

Remittance Abroad

RFC ACCOUNTS

Taxability

Interest Earned Is Taxable
Except During RNOR Period
RFC ACCOUNTS

Repatriability

100% Repatriable

RFC ACCOUNTS

Nomination
Yes, Possible


#NRImoneyclinic #RFCaccount #personalfinance

Links to my previous videos:till now :
NRE - NRO - FCNR ACCOUNTS - PART 3 FCNR ACCOUNTS
https://youtu.be/Ehzz7_zKKko

NRE - NRO - FCNR ACCOUNTS - PART 2 NRO ACCOUNTS All That You Need To Know
https://youtu.be/ujxsZCV5Iks

NRE - NRO - FCNR ACCOUNTS - PART 1 NRE ACCOUNTS All That You Need To Know
https://youtu.be/9Q8yhqGlOh8

WHY ARE THE FIXED DEPOSIT (FD) RATES FALLING ?
https://youtu.be/KXOnCEc-MD0

FINANCIAL PLANNING TIPS FOR BEGINNERS - AGE GROUP 35 TO 45
https://youtu.be/Gz9e8X3HuJs

HOW TO SELECT A RIGHT FINANCIAL ADVISOR / PLANNER? By Dr. Chandrakantha Bhat
https://youtu.be/guwNXbUgCW4

FINANCIAL PLANNING TIPS FOR BEGINNERS - AGE GROUP 25 TO 35
https://youtu.be/G9GVK1gGD6M

HOW TO INVEST IN MUTUAL FUNDS FOR FREE WITHOUT DEMAT ACCOUNT ?
https://youtu.be/kCrIYNUAbZk

WHY SHOULD YOU APPOINT A FINANCIAL PLANNER?
https://youtu.be/SXVtwx5sQXc

Why Should You Buy A Term Insurance Today ? Dr. Chandrakantha Bhat
https://youtu.be/8YGeRV1ksQk

WHAT IS CRITICAL ILLNESS INSURANCE? By Dr. Chandrakantha Bhat
https://youtu.be/YhXGThE8G4M

NRI TAXATION- Finance Act - 2020 - Who will be impacted ?
https://youtu.be/Bo-1LjGDOFo

HOW TO BE SUCCESSFUL IN THE STOCK MARKET
https://youtu.be/0TzRoXkO2g4

As a NRI Should I Keep My Savings As Dollars Or Rupees ?
https://youtu.be/RXjvOvYsDow

6 MISTAKES TO AVOID DURING MARKET CRASH
https://youtu.be/9Y2r08x2sJM

DEPENDING ONLY ON PENSION DURING RETIREMENT CAN BE A TRAP FOR YOU https://youtu.be/qLTkhCDe89g

WHY SHOULD YOU DEAL WITH MORE THAN ONE BANK ? https://youtu.be/GjDsxS2Kxuo

WHAT TO BUY? SHARES OR MUTUAL FUND?https://youtu.be/0nl9sPJBUQs

6 COMMON MISTAKES DURING RETIREMENT https://youtu.be/ivus9eJWKXMWhy Investors Fail ?
https://youtu.be/c8jxppcdXhs

Why You NEED an Emergency Fund! by Dr Chandrakanth Bhat NRI Money Clinic:https://youtu.be/fBm8bokZI0c

#NRImoneyclinic #RFCaccount #personalfinance

6 steps to generate good returns on your investments - https://youtu.be/AAxQ4ywScos

Don’t Buy a Life Insurance Policy Until You Watch This! https://youtu.be/q0adm_CKvew


NRI Money Clinic is a YouTube channel created by Dr. Chandrakantha Bhat , an investment consultant and financial planner in Dubai . It aims to spread financial literacy and educate on money matters for resident and non resident Indians . The channel discusses subjects like Fixed Deposits , Taxation , Mutual Funds , Insurance , Specific Issues pertaining to NRI community and every other investment opportunity. Dr. Chandrakantha Bhat can be reached on Whatsapp on +971 50 148 4595

Follow us on :
Website: www.nrimoneyclinic.com
Facebook: https://www.facebook.com/NRI-Money-Clinic-105599844299803
LinkedIn: https://www.linkedin.com/company/36132443

DISCLAIMER : Please consult your professional financial advisors before taking any action based on inputs of this video and other videos of this channel. Dr. Chandrakantha Bhat or NRI Money Clinic you tube channel is not responsible for any losses or undesirable outcome for action taken by you without proper consultation with professional advisors in the field of finance.
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