In order to bring uniformity in accounting policy the due date for some of the customer loan accounts have been changed from last day of the month to 27th of the month. However, as an ameliorative measure company will not charge any penal interest if payment is received till last of the month as is the usual practice.
This has been made effective from Sep 2020 with no change in effective EMI though there may be marginal change in loan tenure.
These changes shall be governed by the directions mentioned in Fair Practice Code issued by NHB or other such applicable guidelines.
Impacted customers have been informed individually.