RBI: Residents to pay housing loans of PIO relatives
No Comments Sub Category:Awareness,Community Posted On: Sep 19, 2011
The Reserve Bank of India (RBI) has brought in new scheme to the residents to pay housing loans of Non-resident Indians (NRI) or People of Indian origin (PIO). The apex bank reported saying that this scheme has been decided in India to a non-resident Indian. Also the central bank allowed residents and individuals to pay for medical expenses of their non-resident only close relatives, who visit to India. A resident individual will be given a chance to pay bills of their NRI kins for travel and also for boarding, lodging from and within the area limits in India.
Source: The Times of India
Tags:
Apex bank, Central bank, India, Non-resident Indians (NRI), People of Indian origin (PIO), RBI
