Why my HDFC EMI is not deducted?

There are multiple reasons as to why the EMI amount is not deducted. One reason could be when the EMI date falls on a holiday. In that case it will be debuted the next day and if not the next day, within the same month. If it’s a bank holiday, then you won’t be charged the late fee.

Will EMI be deducted this month?

As per government and RBI guidelines issued few days back that no EMI will get deducted for 3 months including this month.

Is HDFC extended moratorium?

The COVID-19 Moratorium on HDFC Bank personal loans has ended as of October 1, 2020 and you are now required to start making regular EMI payments.

Does bank deduct EMI on Sunday?

Banking transactions will now also take place on Sundays and other holidays. Moreover, the EMI of the loans will also be deducted on holidays.

Is HDFC giving EMI moratorium?

Pursuant to this RBI directive, HDFC Bank has provided moratorium of up to 6 months on personal loan EMI payments that are due between 1st March 2020 to 31st August 2020. …

Can we postpone EMI?

A six-month moratorium allows you to defer your EMI payments by a period of three months. This should not be mistaken for a total waiver. If your instalments were due between March 1, 2020 and August 31, 2020, the RBI has now permitted your bank to allow you to postpone the repayment.

Can I pay HDFC loan EMI before due date?

HDFC Bank enables a personal loan borrower to make a pre-closure or a pre-payment of loan. However, you will be able to prepay your HDFC personal loan only after 12 months after you have procured your loan and after paying 12 EMIs plus the foreclosure charges that may be applicable.

Is EMI deducted on bank holiday?

The bank has said that whether it is a bank holiday or a working day, there will be no difference in depositing the EMI. That is, even on the day of the holiday, if your EMI is due date, then the money will have to be deposited in any case.

How can I use HDFC Moratorium 2021?

How to Apply for HDFC Bank Personal Loan Moratorium?

1. Call the bank at 022-50042333 or 022-50042211 from your registered mobile number.
2. Fill out the loan moratorium form on the official website of HDFC Bank to submit your request.
3. Bank registered mobile number.
4. First and last name.
5. Email ID.
6. Date of Birth.
7. Product.

What is the impact of moratorium on EMI after May 31 2020?

– Bank will not ask for any EMI Payment till May 31st 2020. – Interest will continue to accrue on the principal outstanding for the period of the moratorium at the contracted rate of the loan. – The loan tenure will get extended by the corresponding period for which the moratorium has been availed. 4.

Who is eligible for moratorium in HDFC instalment loan?

All HDFC Bank customers who have availed of retail instalment loan or any other retail credit facilities prior to 1st Mar 2020 are eligible. The decision to offer a moratorium to a customer will be at the sole discretion of the Bank.

What happens if I skip hdhdfc EMI payment?

HDFC will continue to bank your repayment instructions. Customers with adequate funds are requested to continue paying during this period to avoid the extra interest charges and tenor extension. However, if you skip your EMI payment during this period, it is understood that you require EMI moratorium till May 2020.

How to Pay HDFC Bank loan overdue EMI online?

Pay Overdue EMI Online 1 Provide your HDFC Bank Loan details 2 Confirm payment (at Bank) 3 Receive online confirmation More