Economy RBI's EMI moratorium: Will my installment be deducted, are credit card bills suspended and other questions answered Updated : March 27, 2020 11:54 PM IST The RBI today allowed banks to offer a moratorium on all term loans. The step was taken in light of the COVID-19 outbreak and the subsequent lockdown Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.