RBI Allows Resident Overseas Citizens of India (OCI) Cardholders to Access Loans for International Studies.

Banking & Finance

The Reserve Bank of India (RBI) has announced that Resident Overseas Citizens of India (OCI) cardholders are now eligible for loans to study abroad. This new guideline aims to facilitate higher education for OCI cardholders residing in India, broadening their access to financial support. The RBI’s decision reflects a commitment to supporting international education opportunities and easing financial barriers for students. OCI cardholders, who are residents in India, can now apply for study loans under this updated framework, enhancing their ability to pursue academic programs at international institutions. This move is expected to benefit many students aiming for higher education overseas.


      OCI cardholders residing in India can access education loans for undergraduate and postgraduate programs abroad.

      The RBI’s move aims to support educational aspirations of OCI cardholders and enhance their global opportunities.

     

 

     


About RBI,

CEO : Shaktikanta Das
Headquarter : Mumbai
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