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Exchange Earner's Foreign Currency (EEFC) Account
What type of account is an EEFC account in terms of its category and interest-bearing nature?
An EEFC account is a non-interest-bearing current account held in foreign currency in India.
What kind of account is an EEFC account — current, savings, or fixed deposit?
It is a current account only, no other type.
What is the maximum percentage of eligible foreign exchange earnings that can be credited to an EEFC account?
Up to 100% of eligible foreign exchange earnings may be credited to the EEFC account.
Does an EEFC account pay any interest on the foreign currency balance held?
No, EEFC account is non-interest-bearing.
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