Petition update

Victory: Interest on Interest Has been Waived!

Meenakshi Gandotra
New Delhi, India

Nov 2, 2020 — 

Hello everyone,

I hope you are all well in these tough times. 

Today, I write to you to update on the final direction that the petition has taken. From being charged Interest on Interest during the relief period to waiving the additional cost for this period. 

We certainly had taken a road less travelled as Banks are tough to move when it comes to the interest rate but with your support, this happened.

Have a look at the news article that gives information on the PIL that was filed in Supreme Court.

I would like to thank you all for extending your support on this petition.

We had achieved an extension of moratorium period from 3 months to 6 months and now a victory of not paying extra for the moratorium period!.

Thank you once again!

Meenakshi Gandotra


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