Monday, May 25, 2020 | Last Update : 11:04 AM IST

62nd Day Of Lockdown

Maharashtra50231146001635 Tamil Nadu162778324112 Gujarat140636412858 Delhi134186540261 Rajasthan70283848163 Madhya Pradesh66653408290 Uttar Pradesh62683538161 West Bengal36671339272 Andhra Pradesh2780184156 Bihar257470211 Karnataka208965442 Punjab2060189840 Telangana1854109253 Jammu and Kashmir162180921 Odisha13365507 Haryana118476516 Kerala8485206 Assam393584 Jharkhand3701484 Uttarakhand317583 Chandigarh2621794 Chhatisgarh252640 Himachal Pradesh203594 Tripura1941650 Goa66160 Puducherry41120 Manipur3220 Meghalaya14121 Arunachal Pradesh210 Mizoram110 Sikkim100

HDFC Bank offers EMI, loan deferment option to customers

PTI
Published : Apr 2, 2020, 10:56 am IST
Updated : Apr 2, 2020, 10:56 am IST

The bank said its debit card holder customers can now withdraw cash from any ATM without charges till June 30

 HDFC Bank offers loan deferment option to customers. (Photo- Twitter)
  HDFC Bank offers loan deferment option to customers. (Photo- Twitter)

New Delhi: HDFC Bank on Wednesday offered to defer EMIs in the wake of the coronavirus pandemic.

The bank in an email to its customers said the prevailing situation may pose a huge challenge for people at large. "In line with the RBI guidelines and to show our solidarity, HDFC Bank is offering its customers EMI moratorium as a relief measure.

"You can defer your EMIs/loan installments and credit card dues up to 3 months," the bank said.

The bank said its debit card holder customers can now withdraw cash from any ATM without charges till June 30.

"There won't be any cap on the number of withdrawals or other transactions done at the ATM including declined transactions," it said.

"We will also waive the minimum monthly/quarterly balance requirements for the savings and current account holders for four months - from March to June 2020. These customers will be sent a separate communication," the lender added.

All the public sector lenders on Tuesday announced they will be extending the moratorium for three months, giving their customers a window to pay EMIs and interest on working capital loans by small businesses or MSMEs.

These measures are part of RBI's mega liquidity booster announced on Friday as the coronavirus lockdown has crippled almost every economic activity in the country.

Tags: hdfc bank, emis, credit card bills, coronavirus lockdown, liquidity conditions, coronavirus pandemic, hdfc, emi moratorium
Location: India, Delhi, Delhi Cantonment
ADVERTISEMENT
ADVERTISEMENT