Interest on interest waiver: Banks start crediting accounts; FinMin issues additional FAQs

Following directions from the Supreme Court, the government had last month announced the scheme for grant of ex-gratia payment of difference between compound interest and simple interest for six months to borrowers in specified loan accounts.

from Wealth-Economic Times https://economictimes.indiatimes.com/wealth/personal-finance-news/interest-on-interest-waiver-banks-start-crediting-accounts/articleshow/79077138.cms