https://www.taxtmi.com/circulars?id=54194 Borrowing and lending in Indian Rupee between residents and NRIs/PIOs are regulated under FEMA and RBI Master Directions. Authorised dealers may grant INR loans to NRIs against securities or immovable property for permitted purposes, subject to use restrictions, non remittance of loan proceeds abroad, prudential norms, and repayment by inward remittance or debit to specified non resident accounts. Housing loans, corporate staff loans, and interest free loans by resident individuals are allowed under defined conditions. Changes in borrower/lender residency trigger prescribed repayment or account crediting mechanisms. Temporary overdrafts in INR by authorised dealers to overseas branches are permitted within an aggregate ceiling. en-us Fri, 01 Jan 2016 00:00:00 +0530 Tue, 17 Feb 2026 11:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=54194 Borrowing and lending in Indian Rupee between residents and NRIs/PIOs are regulated under FEMA and RBI Master Directions. Authorised dealers may grant INR loans to NRIs against securities or immovable property for permitted purposes, subject to use restrictions, non remittance of loan proceeds abroad, prudential norms, and repayment by inward remittance or debit to specified non resident accounts. Housing loans, corporate staff loans, and interest free loans by resident individuals are allowed under defined conditions. Changes in borrower/lender residency trigger prescribed repayment or account crediting mechanisms. Temporary overdrafts in INR by authorised dealers to overseas branches are permitted within an aggregate ceiling. Circulars FEMA Fri, 01 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/circulars?id=54194