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Whether credit facilities in Indian Rupees or foreign currency would be permissible against security of such deposits?

credit currency deposits facilities foreign indian rupees permissible security
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Whether credit facilities in Indian Rupees or foreign currency would be permissible against security of such deposits?

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No. Banks in India can not open a foreign currency account in India for residents under the Scheme.

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No. The Scheme does not envisage extension of credit facility against the security of the deposits.

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