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Tag: Loans

RBI Moratorium on EMIs & credit card dues – pay now if you can

Reading Time: 3 minutes

In response to the COVID-19 pandemic, the Reserve Bank of India announced some relief measures, including a 3 month moratorium on payments towards loan EMIs and credit card dues.

However, this RBI moratorium ended up sparking a fair amount of confusion and miscommunication among users on social media, especially on whether this was a 3 month waiver or only a deferment, and I’d tried to explain this on Twitter too.

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