Penal charge, interest on your loan? New RBI rules from April 1 - what borrowers should know
RBI introduces new rules on penal charges and interest, effective April 1, to prevent extra charges on loan accounts. The guidelines aim to promote responsible credit behavior, distinguish between fixed charges and additional interest, and ensure uniform penalties for borrowers.
|
|||||||
|
|||||||
You Might LikeRelated videos from verified sources
Related news from verified sources
|