As per RBI guidelines on COVID-19 Regulatory Package dated March 27, 2020, you can avail for the deferment of installments/ Interest dues for your loans/credit facilities falling due between March 1, 2020 and May 31, 2020.

The option of deferment can be availed if your immediate cash flows are adversely impacted or you are facing financial constraints arising from Covid-19 pandemic.

By availing the moratorium option, you will defer your immediate instalments/payments/accrued interest. It is only a deferment option and not a concession or waiver since interest would continue to accrue for this period. The repayment would resume from June 2020, once the deferment period is over.