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What about refunds, if any?
Refunds, together with interest (net of income tax) can be credited to NRE account. This is subject to condition that the original payment was made by way of inward remittance or by debit to NRE/FCNR(B) account.

Can NRI/PIO avail of loan from an authorised dealer for acquiring flat/ house in India for his own residential use against the security of funds held in his NRE Fixed Deposit Account/FCNR (B) Account?
Yes. However, banks cannot grant fresh loans or renew existing loans in excess of Rs 20 lakh against NRE and FCNR (B) deposits either to the depositors or to third parties.
Such loans can be repaid
(a) by way of inward remittance through normal banking channel or
(b) by debit to NRE/FCNR (B)/NRO accounts 
(c) out of rental income from such property.
(d) by the borrower’s close relatives.

  In case the amount has been received from inward remittance or debit to NRE/FCNR(B)/NRO account for acquiring the property or for repayment of the loan, the principal amount can be repatriated outside India.
In case the property is acquired out of rupee resources and/or the loan is repaid by close relatives in India, the amount can be credited to the NRO account of the NRI/PIO. The amount of capital gains, if any, arising out of sale of the property can also be credited to the NRO account. NRI/PIO are also allowed by the authorised dealers to repatriate an amount up to $1 million per financial year out of the balance in the NRO account for all bonafide purposes to the satisfaction of the authorised dealers, subject to tax compliance.

Can NRI/PIO, avail of housing loan in rupees from an authorised dealer or housing finance institution in India approved by the National Housing Bank for purchase of residential accommodation or for the purpose of repairs/ renovation/improvement of residential accommodation? How can such loan be repaid?
Yes, NRI/PIO can avail of housing loan in rupees from an Authorised Dealer or housing finance institution subject to certain terms and conditions.
Such a loan can be repaid
(a) by way of inward remittance through normal banking channel or
(b) by debit to his NRE/FCNR (B)/NRO account or
(c) out of rental income from such property.
(d) by the borrower’s close relatives, as defined in section 6 of the Companies Act, 1956, through their account in India by crediting the  borrower’s loan account.

In case the amount has been received from inward remittance or debit to NRE/FCNR(B)/NRO account for acquiring the property or for repayment of the loan, the principal amount can be repatriated outside India.
In case the property is acquired out of rupee resources and/or the loan is repaid by close relatives in India, the amount can be credited to the NRO account of the NRI/PIO. The amount of capital gains, if any, arising out of sale of the property can also be credited to the NRO account. NRI/PIO are also allowed by the authorised dealers to repatriate an amount up to $1 million per financial year out of the balance in the NRO account for all bonafide purposes to the satisfaction of the authorised dealers, subject to tax compliance.

Can NRI/PIO, avail of housing loan in rupees from an authorised dealer or housing finance institution in India approved by the National Housing Bank for purchase of residential accommodation or for the purpose of repairs/ renovation/improvement of residential accommodation? How can such loan be repaid?
Yes, NRI/PIO can avail of housing loan in rupees from an Authorised Dealer or housing finance institution subject to certain terms and conditions.
Such a loan can be repaid
(a) by way of inward remittance through normal banking channel or
(b) by debit to his NRE/FCNR (B)/NRO account or
(c) out of rental income from such property.
(d) by the borrower’s close relatives, as defined in section 6 of the Companies Act, 1956, through their account in India by crediting the  borrower’s loan account.