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YOU ARE HERE : Home News / EventsCharge prepayment penalty only on fixed rate loan dues: RBI

Charge prepayment penalty only on fixed rate loan dues: RBI

Posted on :30 January, 2013

In a step that could be viewed as a relief for home loan borrowers, Reserve Bank of India has suggested the banks on the revision of penalty structure on prepayments. There is also a focus on raising long-term deposits.