New York, Michigan, California, Florida, Illinois, New Jersey, Texas, Virginia, Pennsylvania, Georgia, Maryland
Country: United States
Sponsor a Child
2018-07-10 To 2018-08-30
Taste of India
2018-08-22 To 2018-08-22
IAF Social at Skeeters
Sugar Land, Texas
2018-08-24 To 2018-08-24
Indian Dance Festival
2018-08-25 To 2018-08-25
Parade of India
Times of India
Startups have become the buzz word around the town. Its eminent success here in India and across the globe has seen...
Passport of an individual is the most important identity proof. Name becomes the most important component of the...
Green Card is an important documentary proof and evidence required by immigrants living and working in the United...
A Passport is an official document which is issued by the government of the country where he/she is residing....
The word relinquish is derived from the Latin word ‘relinquere’ which literally translates into leaving behind,...
National Pension Scheme is a Government of India approved pension scheme under the Retirement Plan extended for all...
Mc Kinney, Texas
Q: Are NRO/NRE account holders eligible for loans against their fixed deposits?
A: Yes, except for the purpose of relending, carrying on agricultural/plantation activities or for investment in real estate business. Loans against NRE fixed deposits can, however, be utilized for...
Q: What is the maximum value of loans that can be taken against NRE/FCNR deposits?
A: The total value of all loans taken against NRE / FCNR accounts should not exceed Rs. 20 lakhs
Q: Can a loan be given to third parties on the security of an NRE/FCNR deposit?
A: Yes, a loan can be given to the third party on the security of an NRE/FCNR deposits.
Q: What are the purposes for which loans are given against NRE/FCNR deposits?
A: Loans can be taken against NRE / FCNR deposits for the following purposes:
*Personal purpose or for carrying on business activities
*Direct investment on non-repatriation basis by way of...
Q: Are there any prohibitions on the purpose for which loans cannot be taken?
A: The loans cannot be utilized for the purpose of re-lending or for carrying on agriculture or plantation activities or for investment in real estate business.
Q: Can travelers cheques or currency be used to open an account or credit an existing NRE account?
A: Travelers Cheques can be used to credit / open the account. NRIs bringing Foreign Currency Notes / Travellers Cheques will have to submit a Currency Declaration Form (CDF) to the Customs...
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