Key takeaways from guidelines on RBI’s interest waiver scheme; know how this would benefit borrowers

In view of the lockdown situation due the Covid-19 pandemic, the Government had provided the relief of 3 months moratorium on term loans starting from Mar 01 to May 30 which was further extended by three months upto August 31, 2020. The relief soon turned into nightmare for borrowers when banks started charging higher rate of interest on loan accounts in which moratorium was availed.

from taxmann.com Latest Articles https://www.taxmann.com/topstories/105010000000018705/key-takeaways-from-guidelines-on-rbi’s-interest-waiver-scheme-know-how-this-would-benefit-borrowers.aspx
via IFTTT

Key takeaways from guidelines on RBI’s interest waiver scheme; know how this would benefit borrowers

Tally - Auto Entry Utility