Indian Banks to lower interest rates on Homeloans dynamically when RBI lowers interest

Indian Banks to lower interest rates on Homeloans dynamically when RBI lowers interest

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Arulselvam Panneerselvam started this petition to Reserve Bank Of India and

When RBI Lowers the interest the Interest rates of Loans must also come down automatically ,The interest rate one avails must be linked to the prime interest rate i.e Prime +- X% and then this information on the Loan must be available online where you can track you amount you have paid , principal,interest etc. Banks have failed to  inform customers of the fluctuations on interest rate and they must be hold accountable for not doing so , since lockdown if banks havent done so they my pay back the difference 

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