SME/Corporate/Wholesale Banking customers can avail the deferment by following these steps:
Working Capital (CC/OD): Interest from June 01, 2020 to August 31, 2020 in line with regulatory guidelines may be deferred
and paid in instalments as a Funded Interest Term Loan from September, 2020 to March, 2021.
Term Loans: The principal instalment may be shifted further by three months across the board. If requested, the
interest due between June 01, 2020 and August 31, 2020 may also be deferred along with instalment.
Any other facility for which payment is due on a given day (WCDL/ Inventory finance/ bill discounting etc.)
: The due date may be deferred by three months from the date ( Due between June 01, 2020 and August 31, 2020) on which such amount becomes due.
Customers who had availed the moratorium benefit at a date before May 31 ,2020 in line with the regulatory guidelines can click below to apply for extension :-
Customers who want to avail the above benefits for the first time considering the current cash flow situation due to impact of COVID-19 are requested to reach out to their Relationship Managers. The customer has
to submit the required justification and their need for availing this scheme. The Bank's decision would be final and binding decision in this regard.