It’s better to opt out if your credit card issuer offers moratorium by default2 min read 21 Jul 2020, 03:52 PM IST
RBI has left it to the discretion of the financial institutions to decide the process by which they want to offer loan moratorium to their customers.
Many credit cardholders were surprised to see text messages from their card issuers, saying that they have been auto-enrolled into the moratorium program until 31 August 2020. If they didn’t want to continue with it, some issuers asked to click a link and others asked to send a text message from the registered mobile number.
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