In a line with the actions of Private sector lenders such as HDFC Bank, ICICI Bank and Kotak Mahindra Bank, Axis Bank has also come up with an offer for its customers to opt for the loan moratorium.
‘In the wake of the Reserve Bank of India’s guidelines on the COVID-19 Regulatory Package, we are now offering you the flexibility to opt for a moratorium/deferment,’ Axis Bank tweeted on Thursday.
Customers have been offered a moratorium on payment of instalments and interest for various term loans/credit card dues, and/or defer the interest for working capital facilities due between March 1, 2020, and May 31, 2020.
The bank customers will have to go to the official website of the bank and click below the Key Updates tab on the website. When the new page opens, click on the avail now option to proceed further. On the new window, tab enters your bank registered mobile number and the captcha under it.
Read EquityPandit’s Nifty Bank Outlook for the Week