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RBI Extends Loan Repayment Time To 90 days

RBI Extends Loan Repayment Time To 90 days

Thursday, December 29, 2016, 12:11 PM

In order to help people hit by demonetisation, the Reserve Bank of India has given borrower another 30 days over and above 60 days for repayment of housing, car, farm and other loans worth up to Rs1 crore. This exception will apply to dues payable between 1 November and 31 December 2016, the RBI said in a notification.
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