Bank of Baroda is offering retail customers the option of getting a refund of the EMI that already has been deducted in March to meet any liquidity need during the disruption caused by COVID-19 pandemic. This option is for home and auto loan borrowers only and is given under the three-month moratorium announced by the Reserve Bank of India last week, on payment of all instalments of all term loans falling due between March 1, 2020, and May 31, 2020.
Bank of Baroda is engaged in providing various services, such as personal banking, corporate banking, international banking, small and medium enterprise (SME) banking, rural banking, non-resident Indian (NRI) services and treasury services.
