The scheme would be available to all borrowers having standard account with the bank, meaning they have no record on default in the past New Delhi: Customers who receive EMI payment notice at the beginning of every month can heave a sigh of relief as banks have decided to defer receiving such payments for a period of three months under the terms of a Covid 19- RBI package announced on Friday.
Several banks, including State Bank of India, sent tweets on Tuesday informing the customers that they have deferred payment of EMIs of housing loan, vehicle loans, MSME loans and payment of all other term loans whose installments are due after March 1 and up to May 31 by three months.
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