The Reserve Bank of India (RBI) has made a decision that will help people who have taken or plan to take home loans. The central bank will create a system that lets people switch from a changing interest rate to a fixed one. What this means is that people borrowing money for homes, cars, and other long-term needs will find it easier to plan their payments. Right now, when interest rates change, banks often change the monthly payments (called E.M.I.) without asking customers first. This can make it hard for people to know what they will owe each month. But with RBI's new decision, borrowers will have the choice to switch to a fixed interest rate. This way, their payments will stay the same. The RBI is also letting people pay off their loans early if they want to. RBI Governor Shaktikant Das said banks need to be clear about any fees they charge. He wants them to make sure
