Prepayment Penalty: Latest News and Updates, Top Stories, Videos, Photos About Prepayment Penalty

Prepayment Penalty News

RBI directs banks to not charge customers for non-maintenance of minimum balance amount

RBI citing the concerns of the bank account holder has directed banks to do away with the practice of charging a fee for non-maintenance of a minimum balance amount in the savings account. Further, to be more customer friendly and in ...

Prepayment penalty guidelines still due to come: RBI

Are you planning to prepay your floating-rate home loan? Then just wait till the Reserve Bank of India (RBI) comes out with its guidelines regarding the prepayment. Early September, Banking Ombudsmen had put their suggestions to RBI that floating-rate home ...

No prepayment penalty on home and car loans

Reserve Bank of India has given a fair reason to smile to millions of loan borrowers by sparing them from paying prepayment charges. Now, you need not worry of prepayment penalty if you would like to make entire home or car ...