Dear Friends,
Few weeks ago there was an article on rediff regarding removal of charges for pre-payment done by a customer on the home loan he has taken from the bank. Please refer to the link for more details:
http://www.rediff.com/business/report/no-more-pre-payment-charges-on-home-loans/20120417.htm
Can someone guide if this has been mandated by RBI to be followed by all the banks (private/public).
Thanks,