For customers who opt for deferment, the monthly dues will not be billed to the loan account till May 31, 2020. However, during the moratorium period, the interest would continue to accrue on the utilized amount and the principal dropdown of the loan during the deferment period. Such accrued interest shall be capitalized and a revised repayment schedule would be drawn up. The Principal dropdown amount and / or balance tenure may be modified. In case your Principal draw down is due between March to May, the principal due will be deferred and the balance tenure will be modified accordingly.
To avail the deferment for your Overdraft facility please click here to log into to your OD account.