https://www.taxtmi.com/acts?id=33730 Continuation of loans after a change in residential status is permitted subject to Reserve Bank terms and conditions. Authorised dealers or banks may allow loans to resident borrowers to continue after they become resident outside India. Repayment of loans to lenders who become non-resident must be credited to an NRO or other specified Indian bank account. Where an NRI or OCI Cardholder lender becomes resident, repayment may be made to a designated Indian bank account. Resident individuals may service overseas loans previously obtained while resident outside India, subject to prescribed conditions and limits. en-us Sat, 22 Dec 2018 13:35:11 +0530 Tue, 08 Sep 2026 12:36:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=33730 Continuation of loans after a change in residential status is permitted subject to Reserve Bank terms and conditions. Authorised dealers or banks may allow loans to resident borrowers to continue after they become resident outside India. Repayment of loans to lenders who become non-resident must be credited to an NRO or other specified Indian bank account. Where an NRI or OCI Cardholder lender becomes resident, repayment may be made to a designated Indian bank account. Resident individuals may service overseas loans previously obtained while resident outside India, subject to prescribed conditions and limits. Act-Rules FEMA Sat, 22 Dec 2018 13:35:11 +0530 https://www.taxtmi.com/acts?id=33730