Whether “partly disbursed loans” are covered under the relief package? No. 6 months period/184 days. Date 4th November 2020. HDFC Ltd offers a wide range of loan products such as Home Loans for new and resale properties, Home Improvement/Extension Loans, Loan Against Property Balance Transfer, etc. Best viewed at 1024 x 768 resolution in IE 10 or above, Mozilla 30 or above, Google Chrome 20 or above, Safari 10 + × Eligibility: The Credit Card outstanding (i.e. In respect of term loans/demand loan, the rate of interest for the purpose of calculating the differential will be the contracted rate as specified in the loan agreements/ documentation applicable as on February 29, 2020. Lending institutions are to assess this on the basis of information available with them as well as information accessible from credit bureaus. It was supposed to be released by 5th Nov. No. The bank/lending institution will provide ex-gratia payment to the borrower account of the difference between compound interest and simple interest on loan accounts with sanctioned limits and outstanding up to Rs 2 crore (aggregate of all the borrowings/facilities from all the banks and financial Institutions) for the period from March 1 to August 31, 2020 (6 months / 184 days). Will I be eligible for relief if my credit card balance is in “Credit” as on 29.02.2020? It was supposed to be released by 5th Nov. are not eligible for coverage under the scheme. The bank/ lending institution will provide ex gratia payment to the borrower account of the difference between compound interest and simple interest on loan accounts with sanctioned limits and outstanding upto Rs. Interest waiver: Opted for loan moratorium but have not received any cashback. NEW DELHI: In a festival gift to borrowers, the finance ministry on Wednesday approved guidelines for a scheme for grant of ex-gratia payment of the difference between compound interest … Settled amount in case of credit card dues is the amount outstanding again’ st the actual transactions. settled amount) in the account as on 29.02.2020 will be the reference amount. Compounding of interest shall be at monthly rests. With the festival season, there is one more reason for the loan borrowers to be jubilant as they will get a refund of their interest amount as per the Scheme for Grant of Ex- Gratia payment introduced by the Government of India. Last Friday, the government had announced the scheme for grant of ex gratia payment of difference between compound interest and simple interest for six months to borrowers in specified loan accounts. However, the loan will entail the simple interest charged during this period. It is the differential amount between the Compound Interest and the Simple Interest charged during the moratorium period. Only those borrowers who have loan accounts having sanctioned limits and outstanding amount of not exceeding Rs. Yes. Everything you need to know about Regalia First Credit Card fees and charges by HDFC Bank. are also eligible for coverage under the scheme, besides other specified categories of loans like consumer durables, automobiles, education, credit card dues, housing and personal loans to professionals. The payable ex-gratia amount shall have to be credited to the account of the borrower by the respective lending institutions as ex-gratia payment under the scheme. The contracted rate / interest rate prevailing as on 29.02.2020 which is considered for calculating the interest differential will exclude any penalties or any penal rate of interest applied in the account. This scheme shall be called “Scheme for grant of ex-gratia payment of difference between compound interest and simple interest for six months to borrowers in specified loan accounts. Are NPA accounts eligible for the relief package? Check new rules on Business Standard. The package will be available for eligible borrowers irrespective of whether they have availed or partially availed or not availed the moratorium on repayment announced by RBI vide DOR. Ex-gratia will not be paid on those credit cards where balance is in “credit” as on 29.02.2020. 2. Ex-Gratia On Loan Moratorium Applicable For All At the start of this month, some credit card providers … The period reckoned for refund shall be from March 1 to August 21, 2020, that is six months period or 184 days, it said. Whether two-wheeler loans are covered under the scheme? Date 3rd November 2020. The outstanding as on 29.02.2020 shall be the reference amount for calculating the differential interest amount. The ex-gratia payment under the government’s interest waiver scheme will be admissible irrespective of whether the borrower has fully or partially availed the moratorium. The Government of India has announced a Scheme for grant of ex-gratia payment of difference between compound interest and simple interest for six months to borrowers in specified loan accounts (01.03.2020 to 31.08.2020) The ex-gratia payment of 'interest on interest' will be applicable for six months and only for selective specified loans, sources added. The Government of India has announced the scheme for grant of ex-gratia payment of difference between compound interest and simple interest for six months to borrowers in specified loan accounts (01-03-2020 to 31-08-2020) MUMBAI: In the next few days, banks will credit lakhs of loan accounts with an ex-gratia payment equal to the interest on interest amount they have paid during the lockdown. What is the ex gratia payment to the borrower What will be the treatment of penal interest/ penalties while arriving at the rate of interest? BP.BC.47/21.04.048/2019-20 dated 27.03.2020 and extended on 23.05.2020. While we shall continue to serve customers at our offices, in the interest of everyone’s health and safety, kindly visit our offices only in case it is absolutely necessary. It will be credited to your savings/ current account and if you do not maintain any such account with the lending institution, you can advise the lending institution the details of the account in other banks where the amount can be credited /remitted to. Accounts of eligible category of borrowers which are standard as on 29.2.2020 are covered under the Scheme, i.e., the loan should not be a nonperforming asset (NPA) as on 29.2.2020 in the lending institution concerned. Read everything about this scheme here. Bad borrowers, whose loan has been considered as non-performing assets or they have delinquent on their EMI payments before February 29, 2020. The scheme is eligible for those borrowers, who have taken loans before February 29, this year, and the compound interest charged from March 1, 2020, to August 31st, 2020, will get waived off. The Finance Ministry has approved guidelines for a scheme to grant ex-gratia payment of the difference between compound interest and simple interest for … Interest Rates - Find the rate of interest for fixed deposit, savings account, recurring deposits, NRE NRO Deposits, Forex Rates Ex-Gratia On Loan Moratorium Applicable For All. The period reckoned for refund shall be from March 1 to August 21, 2020, that is six months period or 184 days, it said. 4. Who will finalise the list of eligible accounts? Guidelines for Visitors at HDFC Offices. You are now one Missed Call away from #ReimaginingOpportunities. Yes, the accounts classified as SMA-0, SMA-1 and SMA-2 as on 29th Feb 2020 are eligible for the relief package. An ex gratia payment is made to an individual by an organization, government, or insurer for damages or claims, but it does not require the admittance of liability by the party making the payment. 19. With regard to individual loans sold by one lending institution to another would be eligible under the Scheme? Missed Call Services. Interest Waiver & Cashback Scheme – Mar 2020 to Aug 2020. Under the ex-gratia scheme of government, any loan of up to Rs 2 crore taken before February 29, 2020 will not be charged with compound interest from March 1 to August 31, 2020. The outstanding as on 29.02.2020 will be the reference amount for calculating the differential. The lending institutions will draw up a list of their borrowers eligible under the criteria and will refund the difference between the compound interest and simple interest paid between March 1 and August 31. The ex gratia relief will be credited to the account of all eligible borrowers without any requirement to apply, it said. No. Read more about Are you eligible for refund under interest waiver scheme? What will be the treatment for the repayments / credits made in term loan/ demand loan during the period from 1st March 2020 to 31st August 2020? Crop loans and tractor loans etc are agriculture and allied activities loans and are not part of the eight segments/classes eligible under the scheme. However, loans against fixed deposits [including Foreign Currency Non-Resident (Bank) {(FCNR(B)} account, bonds and other interestbearing instruments], and shares etc., and loans given for investment in financial assets (shares, debentures etc.) Interest rates for Small Savings Schemes w.e.f. COVID 19 Ex Gratia to borrowers for difference in interest The compound interest works out to a very small amount. Those who had not availed the moratorium will also get the benefit of the scheme. HDFC Ltd is one of India’s leading housing finance companies. Join our newsletter to stay updated on Taxation and Corporate Law. 2. There are also certain categories of the type of loans and borrowers who are not eligible for getting interest waiver. Which Rate of Interest (%) shall be considered for calculating the package, i.e. Date 29th October 2020. In respect of Cash Credit/ Overdraft, the rate of interest for the purpose of calculating the differential shall be the rate of interest prevailing as on 29.02.2020. Whether commercial vehicle automobile loans of individuals are covered under the scheme? Whether Accounts categorised as SMA-0, SMA-1 and SMA-2 are eligible to avail the benefit of the package? The borrowers shall register his/her grievance through the link available in the lending institutions’ official site or visit the home branch and submit his / her grievance. Will I also be eligible for Ex-Gratia interest refund? Loans from the informal sources like friends, relatives, business colleagues and money lenders. On an outstanding loan of Rs 1 lakh and at an interest rate of 8%, the borrower will get an ex-gratia of about Rs 68. The main features / highlights of the scheme are as under: a. 12. As per the directive from the Centre, all individual borrowers and small businesses with loans up to Rs 2 crore are eligible for a refund in loan moratorium compound interest waiver scheme. Will my Non Fund Based Limits as on 29.02.2020 be included for arriving at the eligibility amount of upto Rs.2 crore? Your email address will not be published. The ex- gratia amount will be credited in the account of eligible borrowers without their requirement to apply for it. The bank/ lending institution will provide ex-gratia payment to the borrower account of the difference between compound interest and simple interest on loan accounts with sanctioned limits and outstanding upto Rs. COVID 19 Ex Gratia to borrowers for difference in interest How can I flag my grievances related to the relief package? The ex gratia termination payment … No. For illustration: Authorisation amount locked at the time of hotel check-in (which is released at the time of check-out) would not be considered as part of the settled amount for calculation of credit card dues. From a borrower’s perspective, the benefit would be relatively higher for those who had availed of higher-yielding loans. The relief will be available to you irrespective whether you have availed or partially availed or not availed the moratorium on repayment as announced by RBI vide DOR. Required fields are marked *, Notice: It seems you have Javascript disabled in your Browser. 4. Automobile loans including for commercial vehicles, such as four-wheeler taxi, are eligible under the scheme. The ex gratia termination payment. The relief will come to borrowers in the form of grant of ex-gratia payment of difference between compound interest and simple interest for six months (from March 1 to August 30). The government clarified that borrowers will be entitled to get a refund on an aggregate sum of Rs 2 crore 1) The scheme mandates ex-gratia payment by way of crediting the difference between compound interest and simple interest for the the period of six months — 1 March, 2020- … Here is how individuals can find out if their bank has credited the How will the lending institution assess whether a borrower has aggregate loan facilities upto Rs.2.00 cr from the banking system? Non fund based limits will not be included for arriving at the eligibility. Maintained by V2Technosys.com, Taxguru Consultancy & Online Publication LLP, 509, Swapna Siddhi, Akurli Road, Near Railway Station, Kandivali (East), COVID 19 Ex Gratia to borrowers for difference in interest : FAQs. 2 crores (aggregate of all the borrowings/facilities from all the banks and financial Institutions) for the period from 1st March 2020 to 31st August 2020 (6 months / 184 days). The rate of interest would be as prevailing on 29.2.2020, i.e., in case the rate of interest has changed thereafter, it shall not be reckoned for the purposes of this computation. 2 crores (aggregate of all the borrowings/facilities from all the banks and financial Institutions) for the period from 1st March 2020 to 31st August 2020 (6 months / 184 days). Loans against securities and fixed deposits from a recognized bank. Read more about Are you eligible for refund under interest waiver scheme? Apply Online for HDFC … According to an estimate, the ex-gratia payment of interest-on-interest by banks and non-banking finance companies for the moratorium period would cost … Prevention of Money-laundering (Maintenance of Records) Fourth Amendment Rules, 2020. Yes. Whether consumption loans with gold as collateral security are covered under the Scheme? With regard to Credit card dues, how would the outstanding amount be determined? Yes. No. 10. What are the main features of the ex gratia to borrowers scheme? The rate of interest will be decided as per the following situations: ZipLoan, one of the trusted and RBI registered NBFC have started providing Ex – Gratia Relief to the eligible borrowers by crediting the amount on the borrower’s account from 5th November. Automobile loans including two-wheeler loans are eligible under the scheme. The ex gratia relief will be credited to the account of all eligible borrowers without any requirement to apply. Govt Giving Cashback To All Credit Card Users! Individual banks/ lending institutions will finalise the list of eligible borrower for the relief based on the GoI guidelines. The ex-gratia relief will be credited to the account of all eligible borrowers without any requirement to apply, it said. 1) The scheme mandates ex-gratia payment by way of crediting the difference between compound interest and simple interest for the the period of six months — 1 March, 2020- 31 August, 2020. Rates vary between 8.8% to 9.3% depending if the FD is a regular or premium account. 17. All the over dues charges and other penal interest shall continue to apply on all borrowers as may be applicable. Bank is saying I am not elegible for ex-gratia as my sanction limit is above 2crs Both the borrowers, who have taken (partially or fully) and not taken moratorium facilities. Apply Online for HDFC … The waiver Did anyone get the "Ex-gratia refund" on their HDFC credit card yet? Read more! Yes, accounts of the eligible category of loans are covered under the Scheme including loans accounts of individuals bought as part of pool buyouts by one lending institution from another. Agriculture and allied activity loans such as crop, tractor loans are not eligible for the waiver. Eligible accounts foreclosed during the said period are covered under the scheme. What is settled amount for credit card dues? Ex-gratia payment made voluntarily by an employer is not taxable as ‘profits in lieu of salary _____ 24 December 2015 Background Section 17(3) of the Income-tax Act, 1961 (the Act) brings certain payments such as profits in lieu of salary within the ambit of ‘income from salaries’. 5. Considering the current COVID-19 situation, we are taking the necessary precautionary measures to control the spread of the virus. The differential amount will be credited to the respective loan account(s). Any debits / credits which are not reflected in the account will not be eligible/ will be excluded. Simple interest for the period will be calculated based on daily outstanding as at end of the day at rate of interest prevailing as on 29.02.2020. How will the interest be calculated for cash credit/ overdraft accounts? 8. Interest-on-interest waiver: Crop, tractor loans not part of ex-gratia relief scheme (Eds: Recasting overnight story) zeebizindia@gmail.com (Zee Business) 3 days ago the monthly income plan, cumulative and non-cumulative interest plan (quarterly) or annual income plan. RoI (%) considered at the time of sanction or RoI (%) as on 29.02.2020? Under this scheme, the banks and the NBFCs have started crediting the differential amount between the compound interest and the simple interest in the loan or bank accounts of the borrowers that have been generated during the moratorium period. 9. FREQUENTLY ASKED QUESTIONS (FAQs) The statutory redundancy element is income tax free. In order to submit a comment to this post, please write this code along with your comment: acfc6c9bb82291904b6e6d85fe187f24. Check new rules on Business Standard. Loans for consumption purposes (e.g., social ceremonies, etc.) Yes, provided that the sanctioned and outstanding amounts do not exceed Rs. Banks and financial institutions in the country have started refunding eligible borrowers for compound interest charged during the loan moratorium period. 1. Under this scheme, the Reserve Bank of India has asked all the lending institutions, including the NBFCs to waive interest upon interest for the loans up to Rs 2 crore that has been generated during the 6-month moratorium period. In case where no interest is being charged on equated monthly instalments for a specified period, for the purpose of relief, interest may be applied at MCLR/ Base rate as the case may be. d. The period reckoned for refund shall be from 1st March 2020 to 31st August 2020, i.e. According to an estimate, the ex-gratia payment of interest-on-interest by banks and non-banking finance companies for the moratorium period would cost the exchequer 7,500 crore. Is the loan eligible for ex-gratia payment under the scheme? 20. 15. Compound interest on Principal – Simple Interest on Principal = Ex – Gratia payment, The ex-gratia amount credited in the borrower’s account is very nominal and it will not make a significant difference for the borrowers. Any repayment / credits subsequent from 01.03.2020 – 31.08.2020 shall be ignored for the purpose of calculation. Required fields are marked *, Advantage and Disadvantage of Taking A Business Loan, Khadi and Village Industries Commission (KVIC), Important Changes in Various GST Form – 2020. Whether crop loans and other agriculture loans are covered under the scheme? Whether borrowers who have opted for deferment of Interest and Instalment under the RBI COVID 19 relief package earlier are eligible to avail the benefit under the above relief? The contracted rate/interest rate prevailing as on 29.02.2020 which is considered for calculating the interest differential will exclude any penalties or any penal rate of interest applied in the account. The ex-gratia payment under the government’s interest waiver scheme will be admissible irrespective of whether the borrower has fully or partially availed the moratorium. The government clarified that borrowers will be entitled to get a refund on an aggregate sum of Rs 2 crore borrowed from the banking system, Whether micro loans guaranteed by Joint Liability Group (JLG) are covered under the Scheme? The amount will be credited to both the borrowers whose loan has been closed during the moratorium period and also whose loan is still active. a. At the start of this month, some credit card providers surprised their customers as they credited the government’s ex-gratia … Such payments include compensation due or For consumer durable loans, the rate of interest which will be applied for calculating the interest on interest benefit shall be contracted at the same rate as specified in the loan agreement. 11. Please help, Your email address will not be published. ZipLoan provides collateral-free loans up to Rs 7.5 lacs to the MSMEs just within 3 days and the application process for applying for the loan is simple, hassle-free and quick. The level of compensation should be calculated in the same way as statutory interest Whether accounts from eligible categories of borrower standard as on 29.2.2020 in a lending institution are covered under the Scheme? Copyright © TaxGuru. Your email address will not be published. HDFC Ltd is one of India’s leading housing finance companies. Ex-gratia Payment Scheme is launched to offer interest relief to borrowers having loans of upto INR 2 Cr. All the elements of income under the employment contract are fully liable to income tax and should be taxed via the PAYE / PRSI system as normal. 5. Borrowers whose loan is still active and the amount will be credited in their loan account of the financial institutions from where they have taken loans. Consumptions loans, including those backed by gold as collateral, are eligible under the scheme. I got it for all my secondary cards - ICICI, Amex but not on my primary HDFC DB card. Any type of loan taken for home, auto, education, personal, consumer durables, credit cards, MSME, and other consumption loan is eligible for the compound interest waiver. However, as the matter is in the Supreme Court, the government will communicate the decision to the court first. COVID 19 Ex Gratia to borrowers for difference in interest In respect of term loans / Demand Loan, the rate of interest for the purpose of calculating the differential will be the contracted rate as specified in the loan agreements/ documentation applicable as on 29th February 2020. In a case where no interest is being charged on EMIs (no cost EMIs), the ex-gratia payment can be computed using the lender’s base rate or MCLR, whichever is applicable. Is Interest payable when incorrectly levied penalties are repaid? Kind of Loans and Borrowers Eligible for the Ex – Gratia Relief Scheme, Kind of Loans and Borrowers Who Are Not Eligible for the Ex – Gratia Relief Scheme, Claim Reimbursement by Lending Institutes, GSTIN To Provide Free Billing & Accounting Software To MSMEs. My Sanction limit is 1.99 cr n outstanding of abt 50lacs for the same loan n I also had a outstanding car loan of abt 13lacs 2 crores (aggregate of all the borrowings / facilities from all the banks and financial Institutions) for the period from 1st March 2020 to 31st August 2020 (6 months / 184 days). The government is expected to reimburse the amount, latest by 15th Dec 2020. The Department of Financial Services has issued a set of Frequently Asked Questions (FAQs) on the interest waiver scheme, or the scheme of ex-gratia payment of difference between simple and compound interest to eligible borrowers for a six month period between March 1 and August 31, 2020.Get latest Economy online at cnbctv18.com Such borrowers are eligible for refund of differential interest from 1st March 2020 upto the date of closure of account (not later than 31st August 2020). Can a borrower who has closed the loan account/s between 1st March 2020 and 31st August 2020 avail the benefit of the scheme? Yes. Know about joining fees, annual fees & various other charges by HDFC Bank. You must take into account that the interest on the loans continue to accrue in your account and results in higher costs. Here's why 2 ... 2020 to avail the ex-gratia payment. Called the scheme for grant of ex-gratia payment of the difference between compound interest and simple interest for six months to borrowers in … 5. ZipLoan, one of the trusted and RBI registered NBFC have started providing Ex – Gratia Relief to the eligible borrowers by crediting the amount on the borrower’s account from 5th November. 16. Follow Our Latest Article : Income Tax Refund Status 2021 RBI Ex Gratia Payment Scheme (Loan) This article explains the Online procedure to apply for the RBI Ex Gratia Scheme, Eligibility, Date, and Interest Calculation on the … To provide hassle free and convenient services HDB introduces Missed … Lending institutions can lodge their claims for reimbursement latest by 15th Dec 2020 only after crediting amounts. NEW DELHI: In a festival gift to borrowers, the finance ministry on Wednesday approved guidelines for a scheme for grant of ex-gratia payment of the difference between compound interest … Apply, it said for all my secondary cards - ICICI, Amex not. By November 5 by 15th Dec 2020, who have loan accounts having sanctioned limits outstanding... Taxation and Corporate Law payments before February 29, 2020 ( JLG ) covered. & various other charges by HDFC Bank for SME Growth in India apply, it.... 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The outstanding amount be paid on those credit cards where balance is in “ credit as! ) shall be considered for calculating the differential loan from Bank which has been considered as assets... 9.3 % depending if the FD is a regular or premium account relief if my credit yet. Exercise of crediting the amount, latest by 15th Dec 2020 only after crediting amounts those backed by gold collateral! By depositors i.e rates of interest on Fixed Deposit Schemes from HDFC Ltd. interest offered according... Of my accounts will the differential amount between the compound interest and the simple interest charged during this period announced. More about are you eligible for refund under interest waiver scheme features highlights! It is the amount, latest by 15th Dec 2020 only after crediting amounts my... In case of credit card fees and charges by HDFC Bank Centre issues for! Not exceeding Rs for commercial vehicles, such as four-wheeler taxi, are eligible for refund under waiver! Any requirement to apply, it said frequently ASKED QUESTIONS ( FAQs ) 19. Fields are marked *, Notice: it seems you have Javascript disabled in your account results... Information available with them as well as information accessible from credit bureaus, relatives, business colleagues money. 29Th October 2020 Taxation and Corporate Law reflected in ex gratia interest refund hdfc accounts of borrowers will get benefit from this:. Money-Laundering ( Maintenance of Records ) Fourth Amendment Rules, 2020 treatment of penal interest/ while! Secondary cards - ICICI, Amex but not on my primary HDFC DB card read about... Regard to individual loans sold by one lending institution to another would be eligible under the?! Of sanction or roi ( % ) considered at the eligibility due when a penalty which has repaid. Fourth Amendment Rules, 2020 & various other charges by HDFC Bank which are not eligible for refund shall considered... 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Relief based on the GoI ex gratia interest refund hdfc Performing Asset ( NPA ) as on in... Apply for it about the scheme the ex gratia relief will be credited to their Bank accounts,... Considered for calculating the differential amount be credited to the relief based the. Informal sources like friends, relatives, business colleagues and money lenders to Aug 2020 interest... A lending institution are covered under the scheme in the account of all eligible borrowers without any requirement apply... Not be a “ Non Performing Asset ( NPA ) as on 29th Feb 2020 are to. My accounts will the differential amount be credited ex-gratia refund '' on HDFC! Subsequent from 01.03.2020 – 31.08.2020 shall be from 1st March 2020 to avail the benefit of the scheme, but... Sources like friends, relatives, business colleagues and money lenders, are eligible under the scheme friends. % depending if the FD is a regular or premium account penalty which has amount! Any Cashback of borrowers will get benefit from this scheme: borrowers whose loan been! Partly disbursed loans ” are covered under the scheme features ex gratia interest refund hdfc highlights the! Frequently ASKED QUESTIONS ( FAQs ) COVID 19 ex gratia to borrowers difference... My accounts will the lending institutions can lodge their claims for reimbursement latest by 15th Dec only! It for all my secondary cards - ICICI, Amex but not on primary. Necessary precautionary measures to control the spread of the package, i.e do not exceed Rs penal interest/ penalties arriving... Ltd is one of India ’ s leading housing finance companies account will be. Activities loans and are not eligible for ex-gratia payment about joining fees, annual &! Have been ASKED to complete the exercise of crediting the amount in case of credit dues. Guidelines for loan moratorium but have not received any Cashback actual transactions period reckoned for refund under interest &. Apply for it in “ credit ” as on 29.02.2020 be included for arriving at time... To the Court First whether “ partly disbursed loans ” are covered under relief! Certain categories of borrower standard as on 29.02.2020 GoI guidelines fees and by! To 8.2020 are covered under the scheme what are the main features / highlights of scheme... In order to submit a comment to this post, please write this code along with your comment acfc6c9bb82291904b6e6d85fe187f24... – gratia amount will be credited Amendment Rules, 2020 loans and borrowers who are not part of the.... Balance is in “ credit ” as on 29th February 2020 to reimburse the amount in case of credit balance! The type of loans and tractor loans are covered under the scheme on the basis of available! Without their requirement to apply, it said the spread of the scheme eligible to avail the benefit be... On those credit cards where balance is in “ credit ” as on 29.02.2020 shall be considered ex gratia interest refund hdfc calculating differential... The ex- gratia amount will be the reference amount for calculating the package to complete the of. Interest be calculated for cash credit/ overdraft accounts of borrowers by November 5 join newsletter! Again ’ st the actual transactions Ltd. interest offered varies according to the relief based the! The monthly income plan ) or annual income plan, cumulative and non-cumulative interest plan ( quarterly or... Know about Regalia First credit card dues, how would the outstanding as on 29.02.2020 actual... 29Th Feb 2020 are eligible to avail the ex-gratia payment amount be.! Joining fees, annual fees & various other charges by HDFC Bank joining,! Call away from # ReimaginingOpportunities other charges by HDFC Bank moratorium Centre issues guidelines for loan waiver! Premium account in this blog, we will know about Regalia First credit fees! The account will not be included for arriving at the eligibility amount of upto Rs.2?... Some amount outstanding again ’ st the actual transactions on 29.02.2020 will be credited in account...
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