Monday, June 23, 2014

Overdraft will attract foreclosure charges

........This latest directive by RBI brings in uniformity, greater transparency and brings new as well as existing borrowers on the same plane. In other words, the pre-payment waiver directive will benefit existing borrowers as well as new borrowers. So you are within your right, if you meet the criteria explained above, to seek nil pre-payment charges with immediate effect, thanks to the regulatory diktat...........

Read | Business Standard

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