Banks to roll out EMI waiver options soon

Banks will soon come out with the operational procedure for retail borrowers to avail a 3-month moratorium on their loans. Most lenders plan to send out text messages and emails allowing borrowers to avail the facility. The bank told customers that if an EMI was debited and they wish to avail the moratorium, they can contact the branch to initiate the refund process.

from Times of India https://ift.tt/2UPGEA1