Many borrowers, credit cardholders and mutual fund investors say they have received SMSes from their lenders reminding them that they need to maintain sufficient balance on the due date Mumbai: With many getting payment reminders, confusion prevails among borrowers, term-plan investors and credit cardholders over the implementation of the three-month moratorium on all loan repayments amid disruptions caused by the coronavirus outbreak.
As part of measures to alleviate hardships faced by people, the Reserve Bank, on March 27, announced a slew of steps, including a three-month moratorium on loan repayments.
Many borrowers, credit cardholders and mutual fund investors have received SMSes from their lenders reminding them that they need to