<h1>RBI Offers 3-Month Loan Moratorium for COVID-19 Relief; Term Loans and Credit Card Dues Included, Interest Accrues.</h1> The Reserve Bank of India announced a three-month moratorium on term loans and working capital facilities due to COVID-19 disruptions, effective from March 1, 2020. This relief aims to ease debt servicing burdens for businesses and individuals facing cash flow issues. All standard term loans and cash credit/overdrafts are eligible, with repayment periods extended by 90 days. Interest continues to accrue during this period. Credit card dues are included, with no default reporting for three months. Businesses can request reassessment of working capital needs. NBFCs, MFIs, and HFCs are not directly included but have liquidity support through other RBI measures.