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Can a resident individual make a rupee loan to a NRI/PIO who is a close relative of resident individual, by of crossed cheque/ electronic transfer?

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....panies Act, 2013) by way of crossed cheque/ electronic transfer subject to the following conditions: (i) The loan is free of interest and the minimum maturity of the loan is one year. (ii) The loan amount should be within the overall LRS limit of USD 2,50,000, per financial year, available to the resident individual. It would be the responsibility of the lender to ensure that the amount of loan ....

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