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What is eefc?


Asked By: Manan Warrior



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Preschool Teacher Api Administrative Support Talent Acquisition Tiruchirappalli India


What is exchange earners' foreign currency account. Exchange Earners' Foreign Currency Account (EEFC) is an account maintained in foreign currency with an Authorized Dealer Category - I bank i. Exchange Earners' Foreign Currency (EEFC) account is foreign currency- denominated account maintained with banks dealing with foreign. With the surge in exports and inward remittances, RBI has permitted deposits of foreign currency in the Exchange Earners Foreign Currency Account (EEFC). Exchange Earners Foreign Currency (EEFC) account is foreign currency- denominated account maintained with banks dealing with foreign.

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