[Resolved]  ICICI Bank — repayment of loans / credit card payments during lockdown period

Address:

A. Balachandar, #203, Sai Nisarg, Malleshpalya Main Road, Maruthinagar, 560075

01. Rbi has extended repayment period for term loans / credit card payments to banks by 3 months.
02. I received sms from indian bank stating that the bank has extended repayment of emi by 3 months as per directive which is find.
03. I have received another sms from icici bank stating that i should visit the bank's website and register my option to repay my dues after 3 months, otherwise i will be treated as a defaulter and dealt with as such. This is against the spirit of rbi directives. The bank should automatically extend the repayment period without asking them to exercise the option. If they prefer to repay during the moratorium period it is their wish.