https://www.taxtmi.com/circulars?id=11293 Resident individuals may lend rupee loans to NRI/PIO close relatives by crossed cheque or electronic transfer if the loan is interest-free, has a minimum one-year maturity, is credited to the borrower's NRO account, is not remitted outside India, is used only for the borrower's personal or permitted business purposes in India (excluding activities prohibited for non-resident investment), and is repaid via inward remittance, debit to NRO/NRE/FCNR accounts, or sale proceeds of pledged assets. en-us Fri, 16 Sep 2011 00:00:00 +0530 Fri, 16 Sep 2011 17:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=11293 Resident individuals may lend rupee loans to NRI/PIO close relatives by crossed cheque or electronic transfer if the loan is interest-free, has a minimum one-year maturity, is credited to the borrower's NRO account, is not remitted outside India, is used only for the borrower's personal or permitted business purposes in India (excluding activities prohibited for non-resident investment), and is repaid via inward remittance, debit to NRO/NRE/FCNR accounts, or sale proceeds of pledged assets. Circulars FEMA Fri, 16 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/circulars?id=11293