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RBI Bans 0% EMI Schemes

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October 4: On one hand the festive season is around the corner and on the other, the RBI has banned 0% interest rate schemes. Consumers are seeing this as a dampener to big buys this year but are these schemes as attractive as they sound? Mint Money’s Monika Halan and Bloomberg TV India’s Vivek Law explain what the RBI has done and what it means for you as a customer.