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Additional Relief Measures

  • 19 July 2021

Dear Customers,


Information on “2 Month-Debt Moratorium” as per BoT Guidelines to the affected borrowers by present Lockdown measures announced by Govt. on 12th July’2021


We, Indian Overseas Bank, understand the present severity due to reemergence of COVID-19 pandemic decease and closure of businesses due to lockdown. The lockdown has affected the income of Individual and SME Business owners either directly or indirectly.

 

We, Indian Overseas Bank, have been extending our support to the debtors affected since COVID-19 first wave. Considering the present impact of 3rd wave of pandemic, we offer 2 months Debt Payment Holiday to Individual & SME Borrowers enjoying credit facilities with us upon satisfying the terms of relief measure as advised by regulator to meet the mismatch in cashflows caused by present lockdown.

 

Please note that the debt moratorium shall only be a postponement of payment.

 

The affected borrowers can contact our Credit Department at 02 224 5389 Extn: 12/13 or send email to adv[at]iob[dot]co[dot]th on or before 15th Aug’2021.

 

 

Thanks and regards

 

Country Head

Indian Overseas Bank