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Decide for Moratorium/Deferment. RBI instructions on COVID-19 Regulatory Package

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Decide for Moratorium/Deferment. RBI instructions on COVID-19 Regulatory Package

RBI directions on COVID-19 Regulatory Package dated might 23, 2020, permit Banks to provide expansion of moratorium on re re payment of term loan instalments/credit card dues and/or deferment of great interest on working money facility(ies) dropping due between June 1, 2020 and August 31, 2020 (Moratorium Period).

The choice for moratorium/deferment could be applied/requested in case the term that is short cash are adversely affected or you are dealing with temporary monetary constraints arising from Covid-19 pandemic.

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