Interest on interest to be waived during moratorium period: Govt to SC1 min read . Updated: 03 Oct 2020, 11:28 AM IST
- RBI had on 22 May extended moratorium on term loans till 31 August amid pandemic-induced lockdown. In March, it had allowed a three-month moratorium from paying EMIs and payment of all term loans due between 1 March and 31 May
NEW DELHI: The Centre will waive 'interest on interest' charges on loans up to ₹2 crore for six months through August.
Select your Category