You can request up to 95% of the amount*. As per current RBI guidelines in force, Foreign Currency loans is allowed to depositor / third party without any ceiling subject to usual margin requirements.
Margin will be 5% of present value of the deposit.
- 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.