Sentences with phrase «immovable properties through»

Not exact matches

a) the loan is free of interest; b) the minimum maturity period of the loan is seven years; c) The amount of loan is received by inward remittance in free foreign exchange through normal banking channels or by debit to the NRE / FCNR account of the non-resident lender; d) The loan is utilised for the borrower's personal purposes or for carrying on his normal business activity but not for carrying on agricultural / plantation activities, purchase of immovable property or shares / debentures / bonds issued by companies in India or for re-lending.

Some of the plans ideal for NRI include secondary market equity shares, public new issues or shares, mutual fund through inward remittance or via CNR / NRE / NRO accounts, bank deposits, and NRO domestic funds, through partnership concerns and bonds, as well as immovable property.