Rupee Loans to NRI/PIO employees of Indian body corporate

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..... its employees who is a non-resident Indian or a Person of Indian Origin, subject to the following conditions, namely. (i) The loan shall be granted only for personal purposes including purchase of housing property in India; (ii) The loan shall be granted in accordance with the lender's Staff Welfare Scheme /Staff Housing Loan Scheme and other terms and conditions applicable to its staff reside .....

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