Business employment is closed amid the Corona epidemic and lockdown. At such a time, the question of whether the bank will get a waiver in EMIs is haunting the middle class of the country. On the other hand, the merger of 10 banks of the country is also going to take place from April 1.
The Reserve Bank has allowed banks and financial institutions to avoid EMI recovery of term loans for three months due to Corona. But there is still a question among consumers as to whether.
Why Message from a bank for EMI? This means that customers can use the bank’s EMI. The question is whether to pay.
However, the working class thus has EMI for 3 months. It will be better for them if they do not pay. This is because it may increase the burden of EMIs beyond their fixed income.
Only those whose business, employment, and income are closed for 3 months will be more suitable to do 3 months loan EMI in this way.
Because, even if the principal of these three months remains the same, the interest of these three months will necessarily be added. After 3 months the new amount of EMI will be adjusted by adding interest.
Only those whose business, employment, and income are closed for 3 months will be more suitable to do 3 months loan EMI in this way.
Because, even if the principal of these three months remains the same, the interest of these three months will necessarily be added. After 3 months the new amount of EMI will be adjusted by adding interest.
A big change is also going to come into the banking sector. After the merger of 10 banks from April 1, there will be 4 banks.
With the merger of the bank, May come the new account number and customer ID of the customer will be changed. The number of bank branches may vary. SIP or Loan E.M.I. So customers may have to fill out a new form. New checkbooks, debit cards, and credit cards may also be issued. However, F.D. Or R.D. No change in interest will be made. No change will be made in the interest rate of the loan.
