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Loans Against FCNR (B) Deposits in Rupees

Unlock the hidden potential of your fixed deposits with us with this plan developed specifically for providing loans/overdraft against their security of Foreign Currency denominated fixed deposits placed with us.

Avail of credit facilities for the following purposes.(as per Reserve Bank of India guidelines).The loans/Overdrafts shall be in non-repatriable Indian Rupees.


  • For personal purposes or for carrying on business activities except for the purpose of re-lending or speculative purposes or carrying on agricultural/plantation activities or for investment in real estate business. Repayment shall be made either by adjustment of the deposit or by fresh inward remittances from outside India through normal banking channels. The loan can also be repaid out of local rupee resources in the NRO account of the borrower.

  • For making direct investment in India on non-repatriation basis by way of contribution to the capital of Indian firms/companies subject to compliance with the provisions of the Foreign Exchange Management (Transfer of Indian security by a person resident outside India) Regulations, 2000 and Foreign Exchange Management (Investment in proprietary or a partnership firm) Regulations, 2000.

  • For acquiring a flat/house in India for his own residential use subject to the provisions of the relevant Regulations made under the Act of Reserve Bank of India.


Loan/overdraft where the depositor himself/herself requests for the advances facilities:

  • Margin : 10% of present value of the deposit.

  • Rate of interest: Base Rate plus 100 bps

  • Amount : As per your request, up to 90% of the present value of the deposit.*

*As per current RBI guidelines in force, Rupee loans is allowed to depositor / third party without any ceiling subject to usual margin requirements

Third party loan/overdraft facility where the depositor desires that the advance be availed of by another person, whether Non-Resident or Resident.

  • Margin : 20%

  • Rate of interest :
    • Up to Rs. 2 lacs - Base Rate plus 100 bps

    • Above Rs. 2 lacs

      1. For Personal purpose - Base Rate plus 300 bps

      2. For Business purpose - Base Rate plus 400 bps

  • Amount : As per request, up to 80% of the present value of the deposit. or Rs. 100 lacs which ever is lower.

Click here for terms and conditions.

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