Big coronavirus relief! Good news - HDFC Bank ATM card holders alert!
It's a good news for HDFC Bank ATM card holders who want to withdraw cash amid coronavirus crisis but not able to locate any HDFC Bank ATM machine in nearby areas.
It's a good news for HDFC Bank ATM card holders who want to withdraw cash amid coronavirus crisis but not able to locate any HDFC Bank ATM machine in nearby areas. In a major relief to HDFC BANK ATM card holders, the bank has confirmed that its debit card customers can now withdraw cash from any ATMs of any other bank without charges till June 30. There won't be any cap on the number of withdrawals or other transactions done at the ATMs of other banks including declined transactions.
Moreover, HDFC Bank offered to defer EMIs in the wake of the coronavirus pandemic. The bank in an email to its customers said the prevailing situation may pose a huge challenge for people at large. "In line with the RBI guidelines and to show our solidarity, HDFC Bank is offering its customers EMI moratorium as a relief measure. You can defer your EMIs/loan installments and credit card dues up to 3 months," the bank said.
Also, HDFC Bank said, "We will also waive the minimum monthly/quarterly balance requirements for the savings and current account holders for four months - from March to June 2020. These customers will be sent a separate communication."
All the public sector lenders on Tuesday announced they will be extending the moratorium for three months, giving their customers a window to pay EMIs and interest on working capital loans by small businesses or MSMEs. These measures are part of RBI's mega liquidity booster announced on Friday as the coronavirus lockdown has crippled almost every economic activity in the country.
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