In line with the RBI guidelines, HDFC Bank is offering it's customers EMI moratorium and credit card outstanding moratorium to help them sail through the disruption caused by coronavirus pandemic.
The Reserve Bank of India last week had extended the moratorium on loan repayments by three more months, till August 31. Banks are offering moratorium to retail customers on a blanket ‘opt-out’ basis.
Customers should note that the moratorium is a deferment of payment and not a waiver of interest. You are required to pay the minimum amount due or total outstanding along with accrued interest charges on the due date after 31st Aug 2020. HDFC Bank: Details of the EMI moratorium package and how you can avail the EMI moratorium. 1.
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