Do you have to pay #EMI payments to the #Banks banks during the #Covid_19 pandemic?

No, you do not have to make EMI payments till May 31st, 2020. You will have to pay for them afterwards. https://bit.ly/2wky2ZZ 

For all term loans (including agricultural term loans, retail and crop loans), all commercial banks (including regional rural banks, small finance banks and local area banks),....

.....co-operative banks, all-India Financial Institutions, and NBFCs (including housing finance companies) are permitted to grant a moratorium (a temporary stay) of three months on payment of all instalments falling due between March 1, 2020, and May 31, 2020.

Instalments will include the following payments:

(i) principal and/or interest components

(ii) bullet repayments

(iii) Equated Monthly instalments

(iv) credit card dues.

This does not mean that you can skip the payment, it means that the banks will notify you about the repayment schedule for such loans after May 31, 2020. Interest will still be accrued on the term loans during this period.

Read this simple explainer to know more https://bit.ly/2wky2ZZ