Credit card users to gain more from ‘interest on interest’ waiver

The point to note, a public sector bank official said, is that the government’s proposal waives interest on interest during the moratorium, but borrowers still have to pay the simple interest for the moratorium period.

from Wealth-Economic Times https://economictimes.indiatimes.com/wealth/personal-finance-news/credit-card-users-to-gain-more-from-interest-on-interest-waiver/articleshow/78485824.cms