CORONA VIRUS IN INDIA I RBI Official Updates to all the Bank A/C Holders for EMIS I RBI Allows 3 month moratorium In Emis
CORONA VIRUS IN INDIA RBI Official Updates to all the Bank A/C Holders for EMIS I RBI Allows 3 month moratorium In EMIs.
RESERVE BANK OF INDIA: RBI GOVERNOR. Mr shaktikanta das on
friday has clear that by seeing present situation of the country Due to
COVID-19 spread throughout the world .and affected many of the indian states
has led #21 days lockdown in country.Everything in the entire country has been
lockdown :school, colleges malls and
industries too.
RBI Governor said
that in order to satisfy the A/C holders of all the bank .Including merchant
account We are giving the service that
they can pay their EMIs For the coming Next 3 months . June afterwards.We are
currently withheld the EMIs of those person who has taken loans in Monthly
EMIs.By Doing this the people can feel free from the distractions of the Loan
Payments.
After the
Announcement by the RBI Governor. All
the banks can put the notice to their customers that need not to worry for
payment of their monthly Loan EMIs.
Banks are responsible for giving 3 more months to pay their EMIs in next 3
months after. That is From june thay may start paying their Emis to their
respective banks.
Note ; they mentioned also that they wont get any effect to
their credit score :
Below are the important frequently asked question related to
the payment of EMIs….
Question 1. My date
of paying Coming month EMIs is soon.
Will the Bank will deduct money for My EMIs payment?
Answer: As RBI Mentioned in their statement that they have
given Order to all the bank to give a 3 month relief for paying their Monthly
EMIs.though also its not clearly confirmed that the all the customers of the
bank will satisfy for this relief. But Bank will soon release the cateogory of
the customers who will get this benefit . and who cannot avail this facility.
As SBI Chief Said that all the cateogory of loan payment of All the customers
has been given 3 month relief from paying their Monthly EMIs.
Question 2. Will it affects to my Credit score if I am not
Paying My EMIs monthly?
Answer: No , it wont get any affected by doing this.
Question 3? Which are the banks that they are giving Relief
from their paying Monthly EMIs?
Answer, As Clearly Mentioned by RBI, That all the banks of
the country Including local district banks.Corporation Bank and all the rural
and urban banks which are undertaken by The government of India.
Question 4? Is this Amount of 3 months EMIs
have been reduced in my Terms loans forever. And I should not pay again
?
Answer : As per said by RBI Governor that this isn’t money
that will get reduced in Your Total EMIs Outstanding . but it is only that you
will get a 3 months break from your Bank for paying your EMIs monthly.After
this three months Your EMIs plan will continue with your outstanding balance
including INTREST.
Question 5? Will I
have to pay all the outstanding EMIs Balance after this Three month in June
Itself
Answer: <No > As per RBI ,Though not stated clearly,
but they Will push notification for all the benificaries of this facility Got
Availed. We have to wait for clear info.
Question.6? Will these three months EMIs Not paying Relief includes Interest and amount
too?
Answer. Yes. As clearly mentioned this benefit of not paying
three months EMIs will also includes your intrest too.This benefit of not
paying EMIs will start from 1. March 2020 upto April and may 2020.
Question 7. Will these Benefit is avail for those person who
has taken loan for different Purpose?
Answer.Yes. as per Order of RBI It includes loan types such
as agricultural loan .*Home loan. Personal Loan, Education Loan , Etc All the
types of loan that the person has taken will avail this facility.
Question 8.Will this facility is also Available for those
Customer who has purchased An item From Credit Card ?
Answer. As Per RBI Not Spoken About the credit card
EMIs holder But it Also includes that
the EMIs in credit card is same as loan Amount . they will update us soon.
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