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I need to pay in dollars for my studies, but the bank is in India. Can I get a foreign exchange loan? | Kalvimalar - News

I need to pay in dollars for my studies, but the bank is in India. Can I get a foreign exchange loan? - 5-Mar-2008

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Although the bank is in India, the student gets his amount in dollars for studies overseas, and the amount is paid directly to the institution abroad. Hence, you need not worry about the currency. The banks charge students a fee for this service, strictly as per RBI norms.

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