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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