The State Bank of India has given a three-month relief to borrowers under its settlement schemes and will not charge extra interest keeping in mind the coronavirus pandemic, said the country's largest lender, on Wednesday.

Customers on-boarded under settlement scheme SBI OTS 2019, Rin Samadhan 19-20, and general compromise can meet payment obligation by June 30, 2020, said the country's largest lender.

"The balance OTS amount can be paid by June 30, 2020.

Bank will not charge any interest on the amount for this extended period," SBI said.

This will provide an extended opportunity to borrowers who are unable to visit branches owing to the lockdown, it said. | To read full story, visit https://startuparound.com/read/1585935005.447844/Coronavirus:-SBI-provides-3-month-relief-under-loan-settlement-repayment?ref=audio_experience