I had purchased TVS Zest two months ago on EMI, should i opt to defer EMIs for 3 months?

A ‘moratorium’ can be considered as permission to postpone payment of an EMI. However, this is not to be confused with an EMI holiday. It is not at all compulsory and you can opt for it provided your lender is offering it. If you haven't opted for the moratorium, it's assumed you will pay EMI as usual. Alternatively, if you have been offered a moratorium by default, and you wish to opt-out you can do so too.Choosing this Add-on scheme on finance will depend on one's financial condition. If you do not have any issue to pay your monthly EMI, we won't suggest you to opt for this scheme as it might cost you a bit more. Moreover, if you are facing issues with your salary due to the COVID-19 pandemic, you may take a moratorium of three months. So, in order to get clarification about all the doubts, we would suggest you to contact the respective bank as they would be the better person to provide you best information according to their bank's guidelines.