Cash and Accounts
Reduce the cost of international trade and hedge against forex fluctuations
Conduct international trade and hedge against foreign exchange fluctuations with the DBS Exchange Earner's Foreign Currency Account (EEFC). This non-interest bearing account is ideal for companies that receive foreign currency payments or make regular exports traded in foreign currencies. Simply park your foreign currency receivables in this account, and use them to make payments at a later date without the need to convert them to INR.
Why choose DBS Exchange Earner's Foreign Currency Account?
An EEFC Account is held only in the form of a current account with chequing facility. No interest will be earned with this account.
DBS is widely regarded as one of the best FX houses in Asia. We offer extremely competitive foreign exchange conversion rates that help reduce your operational costs.
There are no restrictions on withdrawal in INR of funds held in an EEFC account. However, the amount withdrawn in INR is not eligible for any conversion to foreign currencies and cannot be added back to this account.
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How do I apply?
Simply visit us at any of our Branches and our Relationship Manager will be glad to assist you.