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Loan Against FCNR (B) Deposits in Foreign Currency in India : Benefits

You can request up to 95% of the amount*. As per current RBI guidelines in force, foreign currency loans are allowed to depositor/third party without any ceiling subject to usual margin requirements.

Loan Against FCNR (B) Deposits in Foreign Currency in India : Eligibility

  • The facility of premature withdrawal of FCNR deposits shall not be available where loans against such deposits are to be availed.
  • For purposes other than investment in India, repayment shall be made either by adjustment of the deposit or by fresh inward remittances from outside India through normal banking channels.
  • Facilities for loans/overdraft will be advanced against FCNR (B) fixed deposits in USD, GBP, EUR or YEN.

Loan Against FCNR (B) Deposits in Foreign Currency in India : Interest Rates & Charges

  • Rate of interest: 1.5% p.a. over six months LIBOR rate as on the date of loan or 1.50 % over the FCNR (B) deposit rate, whichever is higher.
  • Interest charged to the loan/overdraft account must be credited promptly every quarter (March, June, September and December). In case of default of 2 consecutive quarters interest payment, the fixed deposit shall be prematurely withdrawn for liquidating the amount of loan/overdraft outstanding.

Loan Against FCNR (B) Deposits in Foreign Currency in India : Terms and Conditions


Margin will be 5% of present value of the deposit.

Payment Scheme
  • Wherever the fixed deposit is under half yearly interest payment scheme, the depositor shall direct that this half yearly interest be credited to loan/overdraft account only.
  • Loan/overdraft amount do not enjoy the benefit of convertibility or cannot be repatriated or credited to accounts having the features of convertibility i.e. non-resident external and foreign currency deposit accounts.

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हम अपनी वेबसाइट पर आपके अनुभव को बढ़ाने के लिए कुकीज़ (और इसी प्रकार के उपकरण) का उपयोग करते हैं। हमारी कुकी नीति, गोपनीयता नीति और नियम एवं शर्तों के बारे में अधिक जानने के लिए, कृपया यहां क्लिक करें। इस वेबसाइट को ब्राउज़ करना जारी रखते हुए, आप कुकीज़ के उपयोग हेतु सहमति देते हैं और गोपनीयता नीति एवं नियम और शर्तों से सहमत होते हैं।