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    <title>External Commercial Borrowings (ECBs) - Prepayment</title>
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    <description>Any borrower who raised ECBs in accordance with applicable rules may prepay outstanding ECBs up to USD 100 million without prior Reserve Bank permission via the automatic route, subject to a certificate from the company secretary/auditors confirming lawful utilisation and submission of ECB-2 Returns; authorised dealers must file the revised ECB-PAR within seven days. Prepayments above USD 100 million require Reserve Bank approval or in-principle clearance (valid 15 days), while prepayment from EEFC balances or fresh equity inflows requires no prior permission even if exceeding the threshold.</description>
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