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Travelers Cheque News

Can you get loans against NRE Term Deposits?

If you have an NRE Term Deposit with any bank in India then you can get loans against that account. You can avail at least 85 per cent of your term deposit amount as loan. The maximum limit of loan ...

Can proceeds of foreign currency notes or travelers cheques be credited to NRE accounts?

You can credit the proceeds of foreign currency and travelers cheques brought from abroad during your visit to India to your NRE account. But for that, you yourself have to tender the proceeds in person. You have to declare the ...