Penal charge, interest on your loan? New RBI rules from April 1 - what borrowers should know

Credit: IndiaTimes- Published on April 2, 2024

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.

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Video credit: Oneindia

Published on April 1, 2024 - 04:13

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Penal charge, interest on your loan? New RBI rules from April 1 - what borrowers should know

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