Resident Foreign Currency Fixed Deposit Receipt (RFC-FDR) is a type of fixed deposit account denominated in foreign currency that can be maintained by residents of India who hold foreign currency. It is a special account introduced by the Reserve Bank of India (RBI) to provide individuals with a means to deposit and earn interest on their foreign currency funds while residing in India. The RFC-FDR allows residents to keep their funds in foreign currency without the need for conversion into Indian rupees.

Open your Resident Foreign Currency Fixed Deposit Receipt (RFC-FDR) with Union Bank of India and enjoy the convenience of growing your funds without any hassles.