The revision of interest rates for Small Savings Schemes and PPF for the first quarter of financial year 2020-21 starting from 1st April, 2020 and ending on 30th June 2020 have been reduced. Government of IndiaMinistry of FinanceDepartment of Economic Affairs(Budget Division) North Block, New DelhiDated: 31.03.2020 OFFICE MEMORANDUM Subject: Revision Of interest … [Read more...]
Clarification on 3 Months EMI Moratorium on all Bank Loans
Ministry of Finance has issued clarifications on its announcement of 3 months EMI Moratorium on All bank Loans outstanding. Ministry of Finance FREQUENTLY ASKED QUESTIONS : RBI Allowed Banks to Declare Moratorium on Term Loans Last week, the Reserve Bank of India has allowed Banks to declare a three-month moratorium on all term loans outstanding as on March 1, 2020, as … [Read more...]