https://www.taxtmi.com/acts?id=20784 Acceptance of deposits from NRIs or PIOs on repatriation basis is permitted if received under a public deposit scheme by inward remittance or debit to NRE/FCNR(B) accounts through authorised banking channels; NBFCs must be RBI registered with requisite credit rating and interest rates must conform to Reserve Bank guidelines or Companies Rules ceiling. Deposits are subject to a limited maturity period and an aggregate cap relative to net owned funds, prohibited uses for re lending, agriculture, plantation or real estate, and prescribed repayment and remittance mechanisms via authorised dealers or credit to designated accounts. en-us Thu, 07 Apr 2016 12:05:28 +0530 Mon, 16 Jun 2025 18:08:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=20784 Acceptance of deposits from NRIs or PIOs on repatriation basis is permitted if received under a public deposit scheme by inward remittance or debit to NRE/FCNR(B) accounts through authorised banking channels; NBFCs must be RBI registered with requisite credit rating and interest rates must conform to Reserve Bank guidelines or Companies Rules ceiling. Deposits are subject to a limited maturity period and an aggregate cap relative to net owned funds, prohibited uses for re lending, agriculture, plantation or real estate, and prescribed repayment and remittance mechanisms via authorised dealers or credit to designated accounts. Act-Rules FEMA Thu, 07 Apr 2016 12:05:28 +0530 https://www.taxtmi.com/acts?id=20784