Foreign Current Account

About The Foreign Currency Account

These accounts are mainly funded with remittances from abroad. Generally, balances on such accounts can be freely transferred without restrictions.
FCA can be opened in these foreign currencies: US Dollars, Pounds and Euros and only offshore cheque can be deposited.

Cash withdrawals in both foreign and local currency is allowable and cheques are issued to account holders
Don't Borrow to invest
Do not borrow money to invest, it is a big no no. This does not differ from gambling. Refer to tip No.2 and avoid borrow money to invest. One should save money to invest.


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