Change in residential status: loan continuance and repayment governed by Reserve Bank specified terms and account options. Change in residential status requires continuance or repayment of loans under Reserve Bank-specified terms: authorised dealers may permit continuation ... Summary
Change in residential status: loan continuance and repayment governed by Reserve Bank specified terms and account options.
Change in residential status requires continuance or repayment of loans under Reserve Bank-specified terms: authorised dealers may permit continuation when a borrower becomes non-resident; repayments by resident borrowers to lenders turned non-resident must be credited to the lender's NRO or other India-based account as permitted; repayments to lenders who become resident may be made to their designated India account; servicing of earlier overseas loans by new residents is allowed subject to Reserve Bank conditions and limits.
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