The Kalupur commercial co-op bank Ltd. » Loans given to NRI Close Relatives can be repaid

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Dear Customer, Bank has discontinued Personal Accident benefit for Saving Acount holders and Individual Current Account holders W.E.f. Dt. 31-03-2025.
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Loans given to NRI Close Relatives can be repaid

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Loans given to NRI Close Relatives can be repaid

Resident individuals are now granted general permission to repay loans availed of from banks in Rupees in India by their NRI close relatives. Loans would have to be repaid by resident, close relative of the Non-Resident Indian by crediting the borrower’s loan account through the bank account of such relative. Earlier, repayment of loans by close relative in respect of Rupee loan availed by NRls was restricted only to housing loans.

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