- If you regularly receive and make payments in foreign currency, DCB Bank’s EEFC account is just the right solution for you
- It helps you retain your FX earnings in the same currency to make future outward FX remittances, thus protecting your FX earnings from exchange rate fluctuations and minimizing your conversion or transaction costs
- EEFC accounts can be opened in any freely convertible currency. The major currencies are - USD, EUR, GBP, AUD, CAD
- Credit 100% of your foreign exchange earning to this account
- Can hold the funds in the EEFC account for a maximum period of up to 2 months
- Booking a forward contract for the EEFC conversion to operative account in INR will protect you from foreign exchange rate fluctuations
- Enjoy preferential rates at the time of conversion