Know which bank is giving 3 months of moratorium to its borrowers

The Reserve Bank of India has given its permission to all the loan providing institutes to offer a moratorium to their borrowers, effective from March till May. This order was passed keeping in mind the pandemic situation that has caused huge chaos in the country. Impacting the lives of several individuals and businesses.

What is a three-month moratorium ?

The three-month moratorium means a borrower doesn’t have to pay the loan EMI instalments during the mo...