As per RBI’s announcement, banks have the freedom to offer a moratorium on repayment of EMIs and credit card dues to their customers from March 1st to August 31st. This means that they can offer to pause your EMI repayment till August 31st. If you choose to opt for the moratorium, then it will be the responsibility of your bank to ensure that the moratorium period is excluded from the Experian bureau reporting and not classified as ‘default payment’ or ‘days past due’.
Opting for the moratorium will not impact your credit history as long as the data is reported by the Banks to the Experian bureau in line with the above guideline.
However, once the moratorium period ends on August 31st, you need to ensure that you make the payments on time in order to avoid any impact to your Experian Credit Score or Report. For better clarity, it is recommended that you speak with your concerned bank