We grant Rupee loans to NRI customers against:

  1. Security of funds held in NRO ,NRE Term deposits and FCNR (B) Deposits.
  2. Against the security of shares or other securities held in the name of the borrower.

Please note that:

  1. The loan shall be utilized for meeting the borrower’s personal requirements or for his own business purposes; and
  2. The loan shall not be utilized, for any of the activities in which investment by persons resident outside India is prohibited namely;
  3. Business of chit fund
  4. Nidhi Company
  5. Agricultural or plantation activities or in real estate business (excluding development of township, construction of residential/commercial premises, (roads or bridges), construction of farm houses;
  6. Trading in Transferable Development Rights (TDRs)
  7. Investment in capital markets including margin trading and derivatives
  8. The Reserve Bank’s directives on advance against shares/securities/immovable property shall be duly complied with
  9. The loan amount shall be credited to NRO account of the borrower
  10. The loan amount shall not be remitted outside India


  1. Repayment shall be made by fresh inward remittances from outside India through normal banking channels.
  2. Out of the local rupee resources in NRE/NRO/FCNR account of the borrower
  3. Through sales proceeds of shares or securities or immovable property against which such loan was granted.
  4. Repayment can also be made by adjustment of the deposit.