What is an EEFC Account? Meaning, Benefits, and Eligibility for Exporters

Indian exporters often lose money when foreign currency payments are automatically converted to INR, especially when they later need to convert INR back to USD for overseas expenses. This double conversion can drain 1–3% of transaction value. EEFC accounts help reduce this leakage by allowing exporters, freelancers, and service providers to retain foreign currency earnings […]