Announcement

Monetary Measures Phase IV – Announcement

The RMA has issued Monetary Measures Phase IV which can be availed by all the performing loans as of June 30th, 2022. For clients availing of repayment deferment under MM IV, Fixed Equated Installment Facility (FEIF) will be created only when the deferment ends.

With the end of Monetary Measures Phase III on 30th June 2022, the clients are requested to start the repayment of the loan w.e.f 31st July 2022. However, the accumulated interest till 30th June 2022 will be converted into FEIF payable in equal installments within a maximum of 5 years with 0% interest.

For further information, please visit our nearest regional/ branch/CC office or call @1580 or visit SOP for Monetary Measure IV

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