Take This Quiz & Predict Your Score in the coming CA CS or CMA Exam!
  • How important it is for you to pass the exam in this attempt?
  • What percentage of course you have finished well so far roughly?
  • How many hours you study in a day?
  • How many times you have revised the topics you have finished
  • Have you taken online or pen drive or live class from a renowned faculty?
  • What percentage of the classes you have watched?
  • Have you attempted mock tests or practice tests yet?
  • Are you planning to attempt mock tests conducted by external bodies- ICAI, ICSI, ICMAI or other institute?
  • How many tests you have taken?
  • Did you manage to finish the test papers on time?
  • Are you strictly following study material provided by the exam conducting authority such as ICAI/ICSI/ICMAI/Other Body?
  • How is your health in general?
  • How is your food habit?
  • Any interest in yoga or exercise or play sports regularly?
  • Planning to sleep well nights before the exams?
  • Planning to have light food and water before exams?

Borrowing and Lending in INR

A Resident shall not borrow / lend in INR from / to a Non-Resident, except where permitted.

Borrowing by Individual, Firm etc (other than Company) from NRI/ PIO

1. Receipt by Inward Remittance or from NRE, NRO, FCNR

2. Period of loan not exceeding 3 years

3. Interest rate not exceeding 2% over prevailing bank rate

4. Amount borrowed cannot be repatriated outside India

5. Cannot be used for investment (capital or otherwise) in Company, Partnership Firm, proprietary or any entity.

6. Cannot be used for Re-lending

7. Use only for own business (except business of Chit fund, nidhi, agriculture, real estate business*, farmhouses, TDR)

Borrowing by Indian Company from NRI/ PIO

1. NCD by public offer

2.Interest rate does not exceed SBI’s PLR+ 300 basis points

3. Redemption not less than 3 years

4. Cannot carry on agriculture, real estate, TDR, nidhi, chit fund business


1. % of NCD issued to NRI to total NCDs issued, shall not exceed the sectorial cap under FDI

2. Inward Remittance or from NRE/FCNR

Non Repatriable

1. Also from NRO

Loan to Non Resident Indians by Banks – subject to RBI directions

1. Authorized dealer may grant loan to NRI against security of his shares, securities, immovable property (other than agricultural land, farmhouse)

2. Housing Loan too can be given to NRI

3. Loan can be utilized for borrower’s personal requirements or for his own business (except business of Chit fund, nidhi, agriculture, real estate, business, farmhouses, TDR)

4. Loan not to be credited to NRE, FCNR

5. Loan cannot be remitted outside India

6. Repayment of loan by inward remittance or from NRO, NRE, FCNR

7. Cannot be used for Re-lending or any prohibited activities

Loan to Non Resident Indians by Resident Individual

1. Interest free

2. Minimum maturity 1 year

3. Amount within overall limit of Liberalized Remittance Scheme (LRS)

4. To be utilized for borrower’s personal requirement or own business (except business of Chit fund, nidhi, agriculture, real estate, farmhouse, TDR)

5. Credited to NRO a/c

6. Shall not be remitted outside India

7. Repayment by way of Inward remittance or from NRO, NRE, FCNR

Borrowing in Foreign Currency from NRI

1. An Individual Resident can borrow up to USD 250,000 from his close non-resident relatives *

2. Minimum maturity of 1 year

3. Interest-free

4. Amount by Inward remittance or from NRE, FCNR a/c

5. Repayment can be credited to NRE, FCNR

Borrowing and Lending in INR

Borrowing and Lending in INR

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