loan emi moratorium: Which bank is giving automatic loan moratorium and which is not: Here’s the list


Name of lender Default option How to stop/pay EMI State Bank of India Relief only if customer demands Send email to ask for moratorium in case of loan EMI. IDBI Bank Automatic relief Send email to moratorium@idbi.co.in to opt out of moratorium Canara Bank Relief only if customer demands Reply to the SMS sent by bank as ‘NO’ to stop deduction on mobile no. 8422004008. Send email to retailbankingwing@canarabank.com in case you do not receive the SMS from bank. IDFC FIRST Bank Automatic relief for rural and agricultural
customers. For other loan, relief only if customer demands To apply for the moratorium, send sms to 8007010908 or email to help@idfcfirstbank.com ICICI Bank Automatic relief in case of 2 wheeler loans,
business loans, farm loans and jewel loans.
For other loans, relief only on customer demand. Visit bank website for loans eligible and not eligible for moratorium by default. Send SMS or email to bank accordingly. Central Bank of India Automatic relief Approach bank to continue paying UCO Bank Automatic relief Approach bank to continue paying Bank of Baroda* Automatic relief but wherever the borrower has given mandate for standing instructions/ECS/NACH, Bank will continue to honour borrower’s mandate. Send email or letter to ask for moratorium
Bank is also in the process of sending SMS to borrowers for seeking permission Federal Bank Automatic relief in case of Business loans of up to Rs 5 crore, Agriculture, Micro Lending and Gold loan. Relief on business loans above Rs 5 crore & retail loans only if customer demands Agriculture, Micro lending & Gold loan customers can opt out of moratorium by mailing
at option@federalbank.co.in. Retail loan customers can opt for moratorium by mailing at option@federalbank.co.in. HDFC Bank Relief only if customer demands To provide your consent for moratorium on loan EMIs call on 022-50042333 or 022-50042211
and follow the instructions or submit your request on the bank’s website. Kotak Mahindra Bank Relief only if customer demands Send email at pay.later@kotak.comto ask for moratorium Bajaj Finserv Relief only if customer demands Send email at wecare@bajajfinserv.into ask for moratorium PNB Housing Relief only if customer demands Avail moratorium through website link, short code SMS at 56161, email
and missed call at 8743950000 Indiabulls Housing Relief only if customer demands Avail moratorium through website link or email at covid19emi@indiabulls.com Repco Home Finance Automatic relief Opt out of moratorium by visiting the website or through email Punjab & Sind Bank Automatic relief Send ‘NO’ through SMS to 8652634668 to opt out of moratorium HSBC Bank Relief only if customer demands Apply online through the link https://www.hsbc.co.in/help/coronavirus/ Deutsche Bank Automatic relief To opt out of moratorium, send SMS <CONTINUE> to 561615 Standard Chartered Bank Automatic relief in case of loans To opt out of moratorium, send SMS <<OPTOUT>>space<Loan Account No> to 8693800500 Axis Bank Automatic relief in case of gold loans, KCC loans, Farmer loans, Microfinance loans, Commodity loans, Tractor loans, Commercial Vehicle loans, Construction equipment loans, Business loans and Unsecured overdraft & term loans(Small Business Banking). For other loans relief only on customer demand Visit bank website for loans eligible and not eligible for
moratorium by default. Send SMS or email to bank accordingly. Bank of India Automatic relief Approach branch to continue paying



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