https://www.taxtmi.com/acts?id=2261 Acceptance of deposits from non-resident Indians on a repatriation basis is permitted if received under a public deposit scheme, by inward remittance or debit to authorised non-resident accounts, and - for NBFCs - the company is Reserve Bank registered with requisite credit rating. Interest and maturity are regulated: NBFC interest must follow Reserve Bank directions, others must follow prescribed ceilings; maturities are limited to three years; aggregate deposits must not exceed 35% of net owned funds. Deposits cannot be used for re lending (except NBFCs), agricultural/plantation or real estate activities. Repayment and interest payments must be made via authorised dealers or credited to specified non-resident accounts, with required certification. en-us Sat, 19 Jan 2008 22:45:54 +0530 Fri, 20 Jun 2025 12:24:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=2261 Acceptance of deposits from non-resident Indians on a repatriation basis is permitted if received under a public deposit scheme, by inward remittance or debit to authorised non-resident accounts, and - for NBFCs - the company is Reserve Bank registered with requisite credit rating. Interest and maturity are regulated: NBFC interest must follow Reserve Bank directions, others must follow prescribed ceilings; maturities are limited to three years; aggregate deposits must not exceed 35% of net owned funds. Deposits cannot be used for re lending (except NBFCs), agricultural/plantation or real estate activities. Repayment and interest payments must be made via authorised dealers or credited to specified non-resident accounts, with required certification. Act-Rules FEMA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=2261