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Notifications

  • As per amendment in the Income Tax Rules, PAN or Aadhaar are to be mandatorily quoted for cash deposit or withdrawal aggregating to Rupees twenty lakhs or more in a FY. Please update your PAN or Aadhaar. Kindly reach out to the Bank’s contact center on 1800 10 888 or visit the nearest IDFC FIRST Bank branch for further queries.

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EEFC Accounts

An EEFC account allows exporters to retain foreign exchange earnings in the currency they were received, without converting them into INR immediately. It’s a non-interest-bearing current account.


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overview

Eligibility:


Available to resident individuals, companies, and firms earning in foreign currency through exports or services.

Key pointers

pointerOnly 100% foreign exchange earnings can be credited.

pointerAvailable in multiple currencies including USD, EUR, GBP, AUD, JPY, SGD, CHF, HKD, AED, ZAR

pointerBalances must be converted to INR by the end of the next calendar month unless used for permitted purposes.


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For more details, please contact your Relationship Manager or visit the nearest branch.
 

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