https://www.taxtmi.com/circulars?id=11883 Banks may grant loans against NR(E)RA and FCNR(B) deposits to depositors or third parties without any ceiling, subject to usual margin requirements; 'loan' includes all fund based and non fund based facilities and FCNR(B) margins are notionally calculated in rupee terms. Premature withdrawal of such deposits is prohibited when loans are availed and must be disclosed at sanction. Existing non conforming loans may continue for their term but shall not be renewed; other conditions unchanged. Instructions are effective immediately and issued under the foreign exchange statute. en-us Fri, 12 Oct 2012 00:00:00 +0530 Sat, 13 Oct 2012 10:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=11883 Banks may grant loans against NR(E)RA and FCNR(B) deposits to depositors or third parties without any ceiling, subject to usual margin requirements; 'loan' includes all fund based and non fund based facilities and FCNR(B) margins are notionally calculated in rupee terms. Premature withdrawal of such deposits is prohibited when loans are availed and must be disclosed at sanction. Existing non conforming loans may continue for their term but shall not be renewed; other conditions unchanged. Instructions are effective immediately and issued under the foreign exchange statute. Circulars FEMA Fri, 12 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/circulars?id=11883