https://www.taxtmi.com/circulars?id=1827 Authorised dealers may grant loans in non repatriable rupees to India Millennium Deposit holders, provided loans are fully secured by the deposits and accrued interest, comply with RBI conditions on margin and interest, do not exceed the deposits' unexpired maturity, and are repaid from remittances, deposit maturity proceeds, or funds held in India; NRIs may obtain such loans for immovable property acquisition under foreign exchange regulations; foreign currency loans against IMDs are prohibited. en-us Thu, 19 Oct 2000 00:00:00 +0530 Fri, 03 Oct 2008 12:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=1827 Authorised dealers may grant loans in non repatriable rupees to India Millennium Deposit holders, provided loans are fully secured by the deposits and accrued interest, comply with RBI conditions on margin and interest, do not exceed the deposits' unexpired maturity, and are repaid from remittances, deposit maturity proceeds, or funds held in India; NRIs may obtain such loans for immovable property acquisition under foreign exchange regulations; foreign currency loans against IMDs are prohibited. Circulars FEMA Thu, 19 Oct 2000 00:00:00 +0530 https://www.taxtmi.com/circulars?id=1827