EEFC Accounts


Foreign exchange earners are permitted to retain such earnings in the foreign currency by means of maintaining an EEFC Account. Such accounts are non-interest bearing in nature and the quantum of and period for retaining in foreign currency is as per extant RBI guidelines. Balances in the EEFC accounts may be utilized for making permitted remittances in foreign currency, thereby avoiding exchange risk. MBI can support opening of EEFC accounts USD and Euro.

Humanising Financial Services Across Asia.