Foreign Exchange Management (Borrowing and Lending in Rupees) Regulations, 2000 - Housing Loan in Rupees to NRIs/PIO

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..... Exchange Madam/Sirs, Foreign Exchange Management (Borrowing and Lending in Rupees) Regulations, 2000 - Housing Loan in Rupees to NRIs/PIO Attention of Authorised Dealers is invited to the Foreign Exchange Management (Borrowing and Lending in Rupees) Regulations, 2000 notified vide Notification No. FEMA 4/2000-RB dated May 3, 2000. In terms of Regulation 8 of the Notification ibid, an auth .....

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..... ns, interest and other charges, if any, through their bank account directly to the borrower's loan account with the authorised dealer/housing finance institution. 3. Necessary amendments to the Foreign Exchange Management (Borrowing and Lending in Rupees) Regulations, 2000, are being issued separately. 4. Authorised Dealers may bring the contents of this circular to the notice of their const .....

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