RBI’s 3 month EMI moratorium for bank customers
   Date :02-Apr-2020

RBIs 3 month EMI _1 
 
 
AS PER the Reserve Bank of India’s COVID 19 regulatory package, banks in the city have initiated steps to defer the instalments and interest/EMIs on term loans falling due between April 1, 2020 to May 31, 2020. Accordingly, the total repayment period will be extended by three months over the original repayment period. Customer who do not want to defer recovery of instalments /EMI, no action is required.The customer who wants to defer recovery of instalments/EMI should approach bank with designates applications, informs Jaiwant Gurway, General Secretary, EMBEA.