�(C) for any purpose as per the loan policy laid down by the Board of Directors of the Authorised Dealer:

Provided that:

(a) the loan shall not be utilised either singly or in association with other person for


(i) the business of chit fund, or

(ii) Nidhi Company, or

(iii) agricultural or plantation activities or in real estate business or construction of farm houses, or

(iv) trading in Transferable Development Rights (TDRs), or

(v) investment in capital market including margin trading and derivatives.


(b) the Reserve Bank�s directives on such advances shall be duly complied with;

(c) the loan amount shall not be credited to NRE/FCNR(B) accounts;

(d) the loan amount shall not be remitted outside India;

(e) repayment of loan shall be made from out of remittances from outside India through normal banking channels or by debit to NRE/FCNR(B)/NRO accounts.�

Sd/-
Shyamala Gopinath
Executive Director