RBI new directions for prepayment charges by banks on floating rate loan & advances
July 4, 2025
RBI
RBI lays down revised rules for bank prepayment charges on all floating rate loan & advances sanctioned or renewed on or after January 1, 2026. Reserve Bank of India has issued RBI (Pre-payment Charges on Loans) Directions, 2025. These Directions shall apply to all commercial banks (excluding payments banks), co-operative …