Payment of the loan and credit card due and installment of savings schemes

BRPD Circular Letter No. 34
BB addresses the payment of loan installments, credit card dues, and savings schemes. It has provided specific guidelines for banks to facilitate the timely collection of these payments, including measures to prevent any deferments or adjustments unless explicitly permitted by regulation. Banks are required to ensure compliance with these directives to maintain financial discipline and prevent undue delays in repayments.