New Delhi: The period of relief in the Moratorium (EMI) for the common people has ended on 31 August 2020, has ended. A. Now those people who had not paid their EMI for 6 months or 3 months, will be recovered from them. However, the RBI had ordered the banks not to charge interest on the interest.
According to the information given by media reports, the apex court has decided to hear the petition of the Reserve Bank of India (RBI) to extend the Moratorium Scheme till December. The matter will be heard in the Supreme Court today. According to media reports, the bench headed by Judge Ashok Bhushan has accepted the petition of Advocate Vishal Tiwari.
Let us tell you that after the lockdown imposed by the government in view of the global epidemic coronavirus, the RBI announced the Moratorium for 3 months. However, RBI later extended this period for 3 months. The petitioner's court argues that the Moratorium facility was announced in view of the economic situation arising out of the Corona epidemic. Even at the present time, the financial condition is bad. In such a situation, the facility of Morotorium should be extended by December 2020.
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