Day: March 28, 2020

NPCI calls for using digital payments to reduce social contact and contain Covid-19 outbreak

The National Payment Corporation of India (NPCI) has come out with a circular urging Indians to use digital payments, especially during the coronavirus (COVID-19) crisis. This is to reduce social contact without the exchange of cash notes and…

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RBI’s EMI moratorium: Will my installment be deducted, are credit card bills suspended and other questions answered

The Reserve Bank of India (RBI) today allowed all financial institutions to allow a three-month moratorium for all term loans in light of the COVID-19 outbreak and the subsequent lockdown.In effect, banks can allow all customers to not…

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