The Reserve Bank of India (RBI) plays a central role in shaping the country’s monetary policies, ensuring financial stability, and protecting the interests of borrowers and lenders alike. One of the most talked-about relief measures announced in times of financial stress is the loan moratorium.In particular, the RBI’s 3-month moratorium on loans became a crucial lifeline for individuals and businesses struggling with financial uncertainty. But while it sounded like a relief, many people were left with questions: What exactly is a moratorium? Does it mean EMI cancellation or just a temporary pause? Will interest still accrue during the moratorium period?Who should actually opt for thisbenefit?In this article, we’ll explore the concept of the RBI’s monetary policy-driven3-month moratorium in detail, its impact on borrowers and lenders, advantages, disadvantages, andpractical guidance to help you make informed decisions.